Comment on Government Graduate Labour Market Stats
Andrew Hunter, co-founder of Adzuna, comments: “Making the leap from university to the ‘real world’ of work is becoming easier and graduate employment has now recovered to 2007 levels. In the last year alone, the unemployment rate among young grads has ticked down 1% year-on-year, with fewer university leavers stuck in limbo between education and work. After years of stalemate, with fewer employees moving up or moving out of their positions, the labour market is now much more liquid, which has opened up opportunities for those new to the workforce.
“Summer will see the next spurt of graduates released into the workforce, and conditions are in favour of them finding work. Our Jobs Report shows that 32 of the top 50 cities in the UK now have more jobs on offer than jobseekers, so grads with in-demand skills like engineering and IT can expect to be snapped up relatively quickly.
“But the subtleties of the recovery also reveal a brightening picture for those who haven’t chosen the university route. The pay gap between grads and non-grads has slimmed – as grass roots businesses spring up across the country. The government’s pledge to support apprenticeships will help close this divide further. Our employers are hungry for skilled workers, whatever their background.”