Graduate unemployment falls

The number of graduates in the UK who are out of work has fallen for the first time since the start of the recession, a new report has indicated.

Research carried out by the Higher Education Careers Services Unit (HECSU), entitled What Do Graduates Do? found that 69.7 per cent of people who graduated in 2010 are now in employment – a 7.9 per cent increase on 2009 graduates.

Overall, graduate unemployment has fallen from 8.9 per cent to 8.5 per cent, while a record number secured graduate jobs, which was a 9.2 per cent increase on 2009.

The figures show that marketing roles, sales jobs and advertising positions was the occupational group that saw the largest percentage jump in graduates in 2010, with 31 per cent more graduates entered these roles in 2010 compared to the previous year.

Charlie Ball, deputy research director at HECSU, said that while graduate unemployment has fallen, graduates still face stiff competition - not just from their peers but also from more recent graduates.

"Slow but sustained economic recovery should be mirrored in the graduate labour market but developments over the next few months will need to be closely monitored," he added.

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Posted by Richard Esquilant 

Filed: 07-11-2011