A recent survey undertaken by Randstad found graduates are confident in obtaining a graduate role within 6 months. However the BBC has found that many students that graduated in 2010 are still unemployed and started looking for customer service roles at coffee shops etc.
With graduate unemployment at its highest level for a decade, and the graduates of 2011 soon to enter the graduate job market, there will be fierce competition for the small amount of graduate jobs available.
Unemployed graduates in 2011 will also have to compete with individuals being made redundant in the private and public sector, as the coalition continues to try and plug the economic deficit.
Many graduates refuse to claim benefits because this may force the highly skilled and qualified individuals to obtain unskilled roles in retail, catering and hospitality. Yet due to the current job market these are the only jobs available to many, and they are left with no choice.
With the unemployment rate of 16-24 year olds increasing by 0.8% on the quarter to reach 20.6%, an increase of 30,000 to reach a total of 974,000. Surprisingly the number of people claiming Jobseekers allowance fell by 10,200 to reach 1.45 million.
Source: Pareto.co.uk, Friday 20th May 2011
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