07/03/2012

One In Three Graduates in Low Skilled Jobs

Figures released today show more than one in three recent graduates are employed in a lower skilled job compared to one in four in 2001, the Guardian has reported.

The Labour Market 2012 report published by the Office for National Statistics (ONS) shows that nearly 36% of recent graduates are employed in a lower skilled job compared with 26.7% in 2001.

Figures at the end of 2011 also revealed that the unemployment rate stood at just under 20% meaning that one in every five new graduates remains out of work. Whilst the Graduate unemployment rate has risen, it remains below the spike that directly followed the bite of the recession.

The good news for Graduates in The Labour Force Survey, is that they still retain an advantage over non-graduates in the jobs market with 86% of Graduates in employment compared to 72.3% of non-graduates, and they continued to earn more per hour, regardless of subject area.

(HMc/GK)

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