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UK job market 'still buoyant'
Thursday, 17 July 2008
Graduate Job sector Reports
The UK job market continues to be buoyant despite the current economic downturn, it has been claimed.
In news that might be of interest to those looking for graduate jobs, research by the Office of National Statistics show that there were 655,100 vacancies available in the three months to May.
Despite the fact that this represents a fall of 32,200, Gerwyn Davies, public policy adviser at the Chartered Institute of Personnel and Development still believes there is cause for optimism.
He said: "Yet again, the jobs figures continue to defy the woes experienced by the rest of the economy, which will provide some comfort to the government and reassure the Bank of England that pay rises still pose little threat to inflation."
Yesterday, Richard Lambert, director-general of the Confederation of British Industry, claimed that UK universities are vital to the success of the country's economy.
He stated that links between employers and education institutions can provide benefits for both groups.