New graduates are unemployed or underemployed

Sales recruitment sector and the industry vital in developing the UK’s skills policyThe class of 2012 have a bleak jobs market to look forward to

The 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 game.

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