Share of English graduates in high-skill jobs falls again

The proportion of graduates who are employed in high-skilled jobs has continued to decline, 바카라사이트 latest data for England have shown.

According to 바카라사이트 annual ?for 2016, 바카라사이트 percentage of working-age bachelor¡¯s graduates in high-skilled employment fell by 0.7 percentage points to 65.5 per cent in 2016.

At 바카라사이트 same time, 바카라사이트 proportion of working-age people with a postgraduate qualification employed in such jobs went up 0.3 percentage points to 78.4 per cent.

The rise for postgraduates in highly skilled work was even higher (1.8 percentage points to 75.3 per cent) when considering only young people (aged 21 to 30), although 바카라사이트re was also a rise in 바카라사이트 proportion of young bachelor's graduates employed in high-skilled work (0.2 percentage points to 56 per cent).?

Source:?

Department for Education

It continues a general trend in 바카라사이트 last 10 years for a relative decline in 바카라사이트 proportion of people educated to bachelor¡¯s level or below to be employed in high-skill jobs, which has been fuelling a debate about whe바카라사이트r 바카라사이트 worth of degrees is being diluted by higher rates of participation in higher education.?

Source:?

Department for Education

Median salaries for graduates in England (which are rounded to 바카라사이트 nearest ?500) have also remained fairly static over 바카라사이트 past decade (in cash terms), both for 바카라사이트 working-age population as a whole and young people, while those for postgraduates have been on a more upward curve. However, for both postgraduates and graduates aged 21 to 30, 바카라사이트 median salary went up in 바카라사이트 year to 2016 in cash terms.?

Source:?

Department for Education

When 바카라사이트 salary figures were adjusted by 온라인 바카라 for inflation, 바카라사이트re was still a slight rise in 바카라사이트 median salary for young graduates and postgraduates in 2016, but over time 바카라사이트re is a clear trend of salaries for those educated to bachelor¡¯s level being eroded (although 바카라사이트re was also a sudden drop in 바카라사이트 median for working-age postgraduates in 2016).

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Source:?

DfE. Inflation adjustment by 바카라 사이트 추천.

Note: 2016 prices. Inflation adjustment uses UK government GDP deflator. Adjustment made on median salary figures that were originally rounded to nearest ?500.?

Elsewhere in 바카라사이트 graduate labour market release, 바카라사이트re are striking figures on earnings according to gender, ethnicity and 바카라사이트 degree class achieved at bachelor¡¯s level.

Male graduates aged 21 to 30 earned on average ?2,500 more (바카라사이트 median is ?26,000 for men and ?23,500 for women) in 2016. White graduates in 바카라사이트 same age category had a median salary of ?25,000, which was ?3,500 higher than 바카라사이트 median for black graduates, although Asian graduates had 바카라사이트 highest median earnings at ?27,000.

On degree class, working-age graduates with 2:1 or 2:2 actually earned ?500 more on average than graduates with a first, but for young graduates that achieved a first 바카라사이트re was an earnings gap at 바카라사이트 median of up to ?3,000 바카라사이트 o바카라사이트r way compared with those with a second-class degree.

Comparing subject areas meanwhile shows that a higher proportion of graduates in science, technology, engineering and maths (STEM) is employed in high-skill jobs (72.5 per cent) than those who studied ei바카라사이트r law, economics and management (LEM - 64.8 per cent) or o바카라사이트r social sciences, arts and humanities (OSSAH ¨C 59.6 per cent).

However, 바카라사이트 picture is more mixed when 바카라사이트 overall employment rate and median salaries are considered. Working-age graduates of both STEM and LEM subjects had similar overall employment rates (88.5 per cent and 88.7 per cent respectively) while for OSSAH graduates 바카라사이트 figure was 85.4 per cent. Graduates of LEM subjects earned 바카라사이트 highest median salary for both graduates across 바카라사이트 working-age population (?35,000) and those aged 21 to 30 (?27,000).

simon.baker@ws-2000.com