Demand growth for graduates is at its slowest rate since November 2010 as the market becomes uncertain
According to the Recruitment and Employment Confederation (REC) and KPMG has shown that the rate of growth for jobs is at its slowest rate since November 2010.
Bernard Brown who is a partner at KPMG commented "Employers across all sectors remain cautious about hiring new staff. The key reason for this is the uncertain economic outlook with domestic demand being weighed down by government cutbacks and falling real wages, while exports and investment are not strong enough to take up the slack.”
Kevin Green however did comment that employment levels were just 1% of pre-recession peak, and the figures show that the market is continuing to improve despite general weakness in the UK economy. "We have now had two years of continuous growth and employers are still continuing to hire staff, albeit not in the numbers needed to radically reduce unemployment."
But he added: "The economy is still struggling. The UK’s flexible labour market is a key reason why employment is continuing to grow."
The demand for graduates has continued to grow slowly, with some companies still cautious to taken on graduates with the cost of training them.
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