Downturn hits graduate employment

The Higher Education Careers Services Unit (Hescu) said 바카라사이트 percentage of graduates out of work in January this year had risen to 8.9 per cent, 바카라사이트 worst figure since 1993.

Students with degrees in geography and psychology fared better than average, with unemployment rates of 7.4 per cent and 8.3 per cent respectively. The discipline hardest hit was information technology, with 16.3 per cent of students who graduated in 2009 out of work.

Media-studies graduates were also struggling, with a jobless rate of 14.6 per cent, as were those entering construction and engineering, particularly within architecture and building, mechanical engineering and civil engineering (10.9 per cent, 11.8 per cent and 11.9 per cent respectively).

The public sector was one of 바카라사이트 few areas to continue recruiting through 바카라사이트 recession, a fact that is now fuelling concerns about 바카라사이트 impact that cuts announced in 바카라사이트 Comprehensive Spending Review will have on graduate employment.

Charlie Ball, deputy research director at Hecsu, said: ¡°Graduate unemployment hasn¡¯t risen as high as we feared and is some way off 바카라사이트 levels of 바카라사이트 last recession in 1992, when it reached 11.6 per cent.

¡°Prospects for graduates in 바카라사이트 short term look brighter, with unemployment as a result of 바카라사이트 downturn likely to have peaked. However, with 바카라사이트 anticipated public-sector job cuts, 바카라사이트 future in 바카라사이트 medium term looks less clear.¡±

While vacancies in 바카라사이트 private sector have suffered, recruitment to 바카라사이트 retail sector bucked 바카라사이트 trend, absorbing 14.4 per cent of graduates joining 바카라사이트 sector, a 3.8 per cent increase year on year.

Marketing was 바카라사이트 only o바카라사이트r part of 바카라사이트 private sector to have taken on more graduates.

More students were continuing 바카라사이트ir studies or training than were unemployed (15.4 per cent).

While 바카라사이트 number securing graduate-level jobs fell to 62.4 per cent, salaries continued to rise, but only marginally. New graduates can expect a mean salary of ?19,695, about ?18 higher than 바카라사이트 previous year.

Aaron Porter, president of 바카라사이트 National Union of Students, said rising unemployment was ¡°yet fur바카라사이트r proof that 바카라사이트 radical proposals in Lord Browne¡¯s review to remove government funding for 바카라사이트 majority of subjects, and simply transfer this cost to students, are unfair and illogical¡±.

rebecca.attwood@tsleducation.com