3 November 2009

Graduate unemployment increases 44% in one year

Higher Education Careers Services Unit warns picture could be even worse for those graduating this year
Job seekers search for employment opportunities at a Graduate Recruitment Fair at the ExCeL Centre in London on April 19, 2009. Britain will unveil a recession-fighting budget this week, seen as vital for Prime Minister Gordon Brown as he struggles to boost his flagging fortunes ahead of a likely election next year. Britain, in its first recession since 1991, has been hit hard and is battling soaring unemployment and public debt, plus a slumping property market and tax revenues. AFP PHOTO/Ben Stansall (Photo credit should read BEN STANSALL/AFP/Getty Images) HORIZONTAL

Graduate unemployment has increased by 44% in 12 months and is now at its highest for 12 years, according to research released today.

Some 7.9% of students who left university in 2008 were out of work in January, the Higher Education Careers Services Unit (HECSU) found, up from 5.5% the previous year. HECSU warned the picture could be even worse for those graduating this year. The last time levels of joblessness were so high was in 1995-96... read more

The Guardian, November 09

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