The class of 2012 have a bleak jobs market to
look forward to
class of 2012 is in for a shock when they start applying for a
job upon graduating. A weak labour market has already left many
graduates unemployed or in positions that would otherwise have been
given to school leavers.
Young adults are increasingly being forced
into low-wage low-skilled jobs as a waiter/waitress, bartender or
retail clerk - they are surprised that obtaining their degree
hasn’t paid off.
A recent analysis of government data conducted
for The Associated Press has shown uneven prospects for holders of
bachelor’s degrees. Although there is strong demand in the science,
education and health fields sectors many others are freezing
recruitment as they
wait for the market to pick up before recruiting graduates.
The job prospects for graduates has fallen to
its lowest level in over a decade. Many employers are questioning
the practical worth of degrees and the lack of experience of
graduates. Graduates face the prospect of rising tuition fees and
poor job outcomes as more graduates fill the jobs market.
Universities are been blamed for the amount of
graduates that are unemployed, because they’re failing to provide
‘employability’ for graduates. There is a huge need for good
quality and independent careers advice in universities.
According to recent figures from the Office
for National Statistics from the final quarter of 2011, the
graduate unemployment rate stood at 18.9% (one in five graduates).
With fees set to increase to £9,000, many institutions predict that
students will become more sceptical about their chances of securing
a graduate job.
This means that graduate careers services will have to up their