Graduate unemployment remains low over long term

Almost nine out of ten graduates from the class of 2008-09 are in work, according to new data, and just over 3 per cent are unemployed.

August 29, 2013

Graduate employment

The statistics show that the graduates are fairing much better in the labour market than they were six months after leaving university.

Surveyed half a year after graduating, 7.2 per cent of 2008-09 leavers were unemployed. But this proportion dropped to 3.2 per cent in the following three years, while the number in work rose from 73.4 per cent to 87.1 per cent, according to the Higher Education Statistics Authority’s longitudinal survey of graduate destinations.

The number in further study fell from 14.6 per cent to 6.7 per cent.

Nicola Dandridge, chief executive of Universities UK, said: “Employment figures looking at what graduates are doing three and a half years after graduation are far more useful than those relating to six months after graduation.

“We know that the majority of those graduates who do not go straight into work six months after graduating are in full-time employment three years later.

“Some graduates will have postponed looking for a first job in order to undertake further study, to get work experience or for other reasons such as periods of travel,” she added.

But the class of 2008-09 appears to be fairing slightly worse than graduates of previous years. The 2002-03 and 2004-05 leaving cohorts had unemployment rates of 2.3 and 2.6 per cent respectively three years after graduating.

Almost three quarters of the graduates surveyed from 2008-09 said that their degree had helped them with their career, while 23 per cent said it had not. A total of 84 per cent said they were satisfied with their careers to date.

Their median salary was £24,000, up £4,000 compared with six months after graduation.

david.matthews@tsleducation.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

Lady Margaret Hall, Oxford will host a homeopathy conference next month

Charity says Lady Margaret Hall, Oxford is ‘naive’ to hire out its premises for event

Laurel and Hardy sawing a plank of wood

Working with other academics can be tricky so follow some key rules, say Kevin O'Gorman and Robert MacIntosh

Woman pulling blind down over an eye
Liz Morrish reflects on why she chose to tackle the failings of the neoliberal academy from the outside
White cliffs of Dover

From Australia to Singapore, David Matthews and John Elmes weigh the pros and cons of likely destinations

Michael Parkin illustration (9 March 2017)

Cramming study into the shortest possible time will impoverish the student experience and drive an even greater wedge between research-enabled permanent staff and the growing underclass of flexible teaching staff, says Tom Cutterham