Graduate employment 'not impacted by slowdown'

24-07-2008

Graduate employment 'not impacted by slowdown'
The graduate employment market is not showing signs any signs of a recession yet, the chief researcher for the Higher Education Career Services Unit (HECSU) has said.

Dr Charlie Ball acknowledged that the credit crunch is likely to have an impact on recruitment of university-leavers, but noted that at around six per cent, graduate unemployment "is what we generally see in terms of relative economic prosperity".

This contrasts with the period of recession in the 1980s and 90s, when the number of graduates out of work rose to over ten per cent.

"It's difficult to be able to tell what's going to happen this summer, but looking at the graduate recruiter survey for example, who look at a lot of the blue chip companies, they are still saying they are recruiting more graduates than they did last year," Dr Ball remarked.

According to HECSU the current graduate unemployment rate of six per cent is the lowest level since 2000, despite the number of university-leavers rising by 2.6 per cent.

Related categories: HR / Recruitment.


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