According to statistics and essay papers
taken from the Labour Force Survey published today, 20% of recent graduates are unemployed which sets the highest proportion for more than a decade. As a fifth of recent graduates do not have work, the number of unemployed graduates has doubled since the beginning of the recession in 2008. The statistics are for graduates who cannot find work but are searching for it.
In 2008 unemployment rate among graduates was 10.6% compared with 5.2% across the UK. By September 2009 this figure reached 18.5%. During the recession, the unemployment rates for graduates aged 21 to 24 increased by 6.3 percentage points.
However, the findings reveal that young people with degrees have more chances to get a job than those who have not visited university. So, the number of unemployed 21- to 24-year-olds with degrees is 11.6%, compared to 14.6% without a university education.
The National Union of Students
urged the government to reinstate the Future Jobs Fund. This program helps to create jobs for many young people and aims at tackling youth unemployment in June.
Aaron Porter, president of the NUS, said: "We call on the government for renewed targeted investment in education and the reinstatement of the Future Jobs Fund to support graduates into employment".