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Reduction in graduate vacancies may not transpire

Published: Friday, 19 November 2010   Category: All Graduate job news | Self Employment

Despite the scale of government cutbacks in the UK, the number of graduate vacancies is unlikely to fall massively.

According to Work Wise UK, the UK's unemployment rate is set to stabilise or even fall in the next 12 months.

If this is the case, it could be good news for those seeking graduate jobs in London and other major cities.

The latest Office for National Statistics figures show that the employment rate for 16 to 64-year-olds in the three months to December was 70.8 per cent, with total unemployment down in the same period.

Some business leaders believe the private sector should be able to absorb some of the impact of the public sector cuts, explained Work Wise UK chief executive Phil Flaxton.

"I think, if anything, unemployment levels are likely to stabilise or potentially go down, because there is still a skills shortage in the UK," he said.

Mr Flaxton added that the UK has experienced record low unemployment over the last ten years - perhaps because the government created so many new positions in the public sector in such a short space of time.

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