One in five Graduates fail to find a job after graduating



One in five Graduates fail to find a job after graduating

Government figures show, one in five university graduates failed to find a job after graduating last year, reaching its highest figures in more than a decade.

The figures from the Office for National Statistics showed that the unemployment rate for graduate has nearly doubled during the recession.

The figures are from data taken representing the third quarter of 2010.

They follow research suggesting a rise in graduate opportunities took place towards the end of the year.

From the figures, there is evidence that the graduate unemployment has risen faster than unemployment for the UK as a whole.

They refer to graduates who were economically active, looking and available for work but unable to find any.

This comes with the unemployment levels for school leavers remaining “historically high”, the ONS state

According to the figures the third quarter of 2010 saw 44.3% of active jobseekers, who had left school, were unable to find work – the highest since records began in 1992.

The good news for graduates (aged 21-24) is they are still less likely to be out of a job than those without of a degree the figures showed.

However, research published by the Association of Graduate Recruiters revealed that there is an 8.9% increase in graduate positions.

This does also show a stagnated average starting salary of £25,000, a figure that hasn’t risen in three years.

The survey suggests that the improvement in the job market was caused by a surge in vacancies released at the end of last year, with forecasts of a further 3.8% increase for this year.

National Union of Students president Aaron Porter said in response to the ONS figures: “These new figures show that graduates are encountering an exceptionally hostile jobs market and the government persists with policies that put the burden of the country’s debt on the young.”

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