A report by the Higher Education Careers Services Unit (HESCU) suggests that the number of people in graduate jobs has improved by almost 10 per cent on last year.
The report is based on a survey of over 230 thousand graduates and found that close to 150 thousand 2010 graduates had managed to secure a graduate job within six months of finishing their degree. That 63.4 per cent conversion rate represents an improvement of nearly 10 per cent on graduates of 2009.
Architect graduates were the biggest beneficiaries of new graduate job vacancies with the sector improving by over 70 per cent compared to last year. Marketing and advertising vacancies for graduates also showed a strong improvement, with almost a third more places filled than graduates of 2009 managed.
It is the first time that graduate unemployment has fallen in the United Kingdom since the recession began with, overall, just a fraction short of 7 in 10 graduates finding employment of some kind within six months, even if that wasn’t a graduate job.
Deputy research director with the Higher Education Careers Services Unit, Charlie Ball, welcomed the report’s findings but warned that graduates are not out of the woods completely just yet.
“Slow but sustained economic recovery should be mirrored in the graduate labour market but developments over the next few months will need to be closely monitored. Many parts of the graduate employment market remain fragile, and recovery has not spread to all sectors or regions of the country,” said Mr Ball.
The market for graduate jobs was still susceptible to the current economic climate so there are no guarantees that a full recovery will happen imminently, added Mr Ball.
Source: E4s.co.uk, Monday 14th November 2011
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