Many graduates are out of work or under-employed

icy weather conditions 150More than half of all new graduates are out of work or stuck in jobs that don’t utilise their graduate skills

Six months after leaving university a new study for the Centre for Economics and Business Research has found that half of new graduates are out of work or stuck in jobs that have nothing to do with their degree.

The report found that 52% of graduates from last year (15,655 graduates) are unemployed or under-employed as a result of the current graduate job market. A total of 20% were found to have no job at all, the highest amount in over a decade and worse still than when the recession began back in 2008.

Terry Hamill, Director for BNI Merseyside and spokesperson for many local businesses says, “It’s a pretty de-motivating picture for young people aspiring to be future business leaders today — and you have to question whether university is really worth the investment it takes, if its so difficult to secure meaningful jobs afterwards. But it’s not all black, and I think that the business community can really support through apprenticeship schemes, work experience opportunities and other creative initiatives.”

The study also highlighted historical and philosophical studies, law, and language are most likely to end up unemployed or in a job that is underpaid. Head of ATT, Jane Scott Paul, commented that because the government is asking students to start paying £9000 a year in tuition fees they will expect a ‘credible return’ on investment, and a guarantee of jobs been available. The prediction for 2011 graduates will be that 55% of all graduates will be in the same position after 6 months.

Share and Connect

                                        

 What are these?

Follow, connect, link to us

Follow on Twitter

Follow Pareto on Twitter

Link to us

Connect with Pareto on LinkedIn

Read our Blogg

Read our recruitment blog

Connect with us

Read our recruitment blog

 

[Search]