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University graduates battling it out for jobs

Posted on 12th June 2009

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Parents deciding whether to send their kids to an independent school may be interested to hear the number of graduates without a job this year is set to hit 40,000, according to a recent study.

With students coming out of university having such a tough time finding employment, people may decide it is vital to get the best early start possible by investing in private education.

The unemployment figure is double the number of 2008 graduates who failed to find work, the report from the Higher Education Careers Service Unit (HECSU) showed.

It also showed ten per cent of those who successfully came through a university course went on to work in a bar or shop, rather than going down a traditional career path, such as finance.

HECSU deputy director of research Charlie Ball explained: "If this follows the last recession we could see up to four years of depressed jobs for graduates.

"We think it's going to be at least as bad next year."

According to figures from the Office for National Statistics, young adults aged 18 to 24 have been hit hardest on the jobs front during the current financial crisis.

Unemployment among those of this age group increased to 16.1 per cent in the year to march 2009. ADNFCR-921-ID-19217378-ADNFCR