Graduate unemployment is increasing and recruiters have asked for a holiday to boost graduate job creation.
A report published by the Recruitment and Employment Confederation and also management consultancy KPMG has shown that February was a strong month for recruitment, and overall job vacancies rose, including that for graduate jobs.
Kevin Green, REC’s Chief executive has commented “We anticipate that unemployment will increase over the spring, summer and autumn, before very slowly starting to decline at the very end of this year and into 2012. With more than 20% of young people aged 16-24 still out of work, employers are remaining cautious and favoring the more experience employee rather than a fresh graduate.
Therefore recruiters called for the government to do something that would positively affect graduate job creation and improve the prospects for the ‘lost generation’. The holiday would be a great benefit to small to medium sized enterprises and allow for increased job creation.
The outlook for women is ominous, with a decrease in female employment by 0.5% (19,000) who lost their job. Typical sectors that women work in are also still in decline with retail vacancies falling by 34,000, education by 20,000, health and social work by 18,000 and administrative and secretarial positions by 14,000. With one in three women working in the public sector the matter is also due to get worse.
The TUC’s general secretary Brendan Barber said: “The UK desperately needs an economic strategy that prioritises growth and jobs to bring revenues in and the deficit down. The current plan of deep, rapid cuts is causing job losses to mount and sending our economy in the wrong direction.”
Source: Pareto.co.uk, Tuesday 29th March 2011
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