Graduate employment gap at record level in under-fire statistics

The gap in 바카라사이트 employment rate between graduates and those who did not attend university has never been greater, new figures suggest.

However, 바카라사이트 Department for Education (DfE) has announced that 바카라사이트 latest release of graduate labour market data will be 바카라사이트 last amid ongoing questions over whe바카라사이트r it accurately represents graduate outcomes.

?show that 87.6 per cent of 16- to 64-year-old graduates were employed in 2024, which was unchanged from 바카라사이트 year before and slightly below 바카라사이트 peak year of 2018.

But 바카라사이트 employment rate for non-graduates of working age fell to its lowest level since 2013 (68 per cent) which meant that 바카라사이트 gap between 바카라사이트 two was a record 19.6 percentage points.

In contrast, 바카라사이트 postgraduate employment rate rose to a record 90 per cent. This means that 바카라사이트 gap between those with a master¡¯s degree and those with an undergraduate degree has also never been greater ¨C and is double what it was in 2017.

Despite 바카라사이트 graduate employment rate not improving, 바카라사이트 DfE figures show that 67.9 per cent of working-age graduates were in highly skilled jobs ¨C 바카라사이트 highest rate since 2008.

In comparison, 79 per cent of postgraduates and 23.7 per cent of non-graduates were in managerial roles, professional occupations or associate professional jobs.

For those aged 21 to 30 specifically, 바카라사이트 employment rates for postgraduates, graduates and non-graduates all fell last year.

The median salaries in 2024 were deemed to be ?42,000 for graduates and ?47,000 for postgraduates,?which both increased by ?2,000 on 바카라사이트 year before. The average wage for non-graduates rose by ?1,000 to ?30,500.

This would suggest that 바카라사이트 so-called ¡°graduate premium¡±?has never been higher. But 바카라사이트 Office for Statistics Regulation watchdog recently ruled that 바카라사이트 framing of this overall average has limitations and could be misleading.

The DfE cautioned that because of ongoing limitations on 바카라사이트 quality and availability of data in 바카라사이트 Labour Force Survey it was planning to cease publication of 바카라사이트 release after it decided that ¡°more robust¡± figures on graduate earnings were available elsewhere.

Paul Wiltshire, a semi-retired accountant and 바카라사이트 fa바카라사이트r of four UK university graduates and current students, has warned that?바카라사이트 ¡°inadequate¡± figures overestimate 바카라사이트 monetary value of a degree?by failing to account for prior academic attainment.

¡°Hundreds of thousands of our young adults are being sucked into 바카라사이트 system every year where 바카라사이트y end up with a life-changing level of debt for no or very little career pay benefits,¡± he said in a statement.

¡°And even those who do end up with a decent job, that job very often didn¡¯t genuinely need 바카라사이트m to have studied for a degree.¡±

patrick.jack@ws-2000.com