Figures released by the Higher Education Careers Services Unit (HECSU) showed that last year saw the largest fall in graduate unemployment since 1999.
HECSU’s statistics reveal that 7.3 per cent of graduates who completed their degree in the summer of 2013 were unemployed six months after their graduation, compared to 8.5 per cent of students who finished university in 2012. This is marginally higher than the national unemployment figures, which were 7.2 per cent in the same period.
The sharp drop in unemployment, the largest for fifteen years, means that graduate unemployment is now at its lowest level since before the onset of the financial crisis, in 2007. At that stage, unemployment for graduates was at 5.5 per cent.
It was also revealed that there has been a decline in the number of students working in retail, waiting and bar work, and those going on to further studies. There was a rise in the number of graduates entering professional and managerial work, rising to 66.3 per cent from 64.9 per cent the year before.