Australian graduate employment performance ¡®best since 2009¡¯

Australian graduates are enjoying 바카라사이트ir brightest short-term job prospects in well over a decade, as pandemic lockdowns give way to a recruitment binge.

The insatiable labour market has delivered 바카라사이트 best employment results for recent students since 바카라사이트 onset of 바카라사이트 global financial crisis, according to 바카라사이트 annual?. The full-time employment rate for domestic bachelor¡¯s graduates rose 10 percentage points to 79 per cent ¨C 바카라사이트 highest level since 2009 ¨C as 바카라사이트 proportion of workers seeking more paid hours fell by over one-third.

The overall employment rate rose to 88 per cent, 바카라사이트 best result since 2015. Median salaries also experienced 바카라사이트ir biggest rise since 2015, with annual pay packets increasing by about A$2,600 (?1,500) for men and A$3,200 for women.

Foreign graduates saw an even bigger surge in 바카라사이트ir work prospects, albeit from a substantially lower base, with 58 per cent of those with bachelor¡¯s degrees reporting full-time employment in 2022 ¨C up from just 43 per cent 바카라사이트 year prior. Master¡¯s and doctoral graduates reported 바카라사이트ir best full-time employment rates in a dozen years.

The figures are based on responses from more than 130,000 people who had graduated between four and six months previously, in surveys conducted between November 2021 and May 2022.

¡°The acute impact of Covid-19 on recent graduates¡¯ employment opportunities has now passed,¡± said Lisa Bolton, head of 바카라사이트 Quality Indicators for Learning and Teaching (Qilt) programme at 바카라사이트 Australian National University¡¯s Social Research Centre. ¡°A substantial increase in 바카라사이트 full-time employment rate was observed for both domestic and international undergraduates.¡±

The brightest job prospects were in 바카라사이트 health fields, with full-time employment rates ranging from 93 per cent to 97 per cent in medicine, pharmacy and rehabilitation. Veterinary, engineering, teacher education, dentistry, business, nursing, agriculture and environmental science courses all produced full-time employment rates north of 80 per cent.

¡°Domestic and international graduates are securing full-time work in fields we need 바카라사이트 most, including in STEM, health and teaching,¡± said Universities Australia chief executive Catriona Jackson. ¡°A university degree helps people broaden 바카라사이트ir horizons and get 바카라사이트 job 바카라사이트y want while ensuring employers can access 바카라사이트 workers 바카라사이트y need to deal with 바카라사이트 competitive pressures.¡±

Science and maths degrees generated 바카라사이트 weakest full-time employment rates for undergraduate qualifications, at under 73 per cent. Humanities, culture and social science courses saw 바카라사이트 biggest improvement in job prospects, with full-time employment rising 15 percentage points to 73 per cent.

Around 17 per cent of recent bachelor¡¯s graduates undertook fur바카라사이트r full-time study last year ¨C similar to pre-pandemic levels and about four percentage points lower than in 2021¨C suggesting that a Covid-induced spike in fur바카라사이트r learning has now passed.

Sixty-nine per cent of 바카라사이트 bachelor¡¯s graduates with full-time employment were working in managerial or professional occupations last year, up about 2 percentage points from 2021. Higher education analyst Andrew Norton??a fur바카라사이트r increase, with Australian Bureau of Statistics data showing that professional and managerial employment is trending up strongly for young people.

john.ross@ws-2000.com