Job Market Monitor
Grads
China / Liuzhou city to help graduates find jobs
Liuzhou city in South China’s Guangxi Zhuang autonomous region pledged to work to help college graduates find jobs in the so-called toughest job market this year. It is estimated that the number of new college graduates who are expected to leave campus this summer will reach 6.99 million, the highest record in China. As many … Continue reading
China / Jobless fears as record 6.99 million graduates hit market
A record 6.99 million students – an increase of 190,000 compared to last year – will graduate from China’s higher education institutions this year. But graduate unemployment, a scourge in recent years, shows no sign of easing for the class of 2013. Local media in a number of Chinese regions have been declaring 2013 as … Continue reading
US Grads / Being overqualified, they express regrets finds McKinsey
McKinsey partnered with Chegg Inc. to conduct a survey that gauges the attitudes of more than 4,900 recent graduates on a range of issues. The mix included attendees of four-year and two-year private and public colleges, as well as vocational and for-profit institutions. The survey primarily focused on students who graduated between 2009 and 2012, … Continue reading
Shanghai / Grads struggle to find good job
A majority of university and college students set to graduate in the city next month are still looking for a job due to the grim employment situation. Only 29 percent of 178,000 students who are to graduate this June have signed an offer, been admitted to postgraduate studies or decided to study abroad as of … Continue reading
US / 41% of college grads overqualified for what they do
College just isn’t worth what it used to be. A survey out Tuesday found that 41% of college graduates from the last two years are stuck in jobs that don’t require a degree. Consulting firm Accenture talked to 1,005 students who graduated from college in 2011 and 2012 and haven’t returned to graduate school. In … Continue reading
UK / Number of jobs requiring a degree higher than those not needing any qualifications
The number of jobs in the UK requiring a degree has overtaken the total of posts not needing any qualifications, an employment survey suggests. More than a quarter of jobs are now available only to graduates, it says. The study shows a major shift in the job market towards requiring many more skilled workers, as … Continue reading
US / College graduates have low unemployment
It is true that young workers have higher unemployment rates than their older counterparts, at just about all levels of education. A recent report published by the Bureau of Labor Statistics on the job prospects of new college graduates, for example, found that as of October 2011, the graduates of the class of 2011 had … Continue reading
UK / Is the graduate job market as bad as it seems?
For current undergraduates, prospects after university might seem dire. Certainly the statistics suggest uncomfortable truths: 24.8% of 21-year-old graduates are unemployed, approximately 83 graduates apply for every job, and nearly a million young people are out of work. Meanwhile, a recent report by the Prince’s Trust has warned that youth unemployment will lead a generation … Continue reading
Over-educated / College Degree Required
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job. Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
China / Only 29 percent of the graduate students master’s degrees have found jobs
As the Spring Festival is coming to an end, graduate students may find it harder to get a desirable job than usual, as a recent survey shows that only 29 percent of students with master’s degrees have secured jobs, down from last year. A survey conducted from December last year to January 2013 by My … Continue reading
UK / 58 per cent for students leaving university in 2012 out of a job or in low-skilled employment
It is feared that the graduate jobs market will barely improve in 2013. The conclusions – in a study by the website CareerMatters.co.uk – comes just days after a separate report found that employers were receiving 56 applications for each graduate job, a seven per cent rise on the previous year. Researchers said that a … Continue reading
Australia / PhDs Graduates struggle to find employment in their field
A report into the job prospects of Australian PhD students has found that many struggle to find employment in their field when they graduate. The students say they get stuck in the middle of being too highly educated for some jobs, but not experienced enough for senior research roles. Transcript (Audio Podcast) TONY EASTLEY: A … Continue reading
India / Tata Consultancy Services: 24,000 offers to campus placements
Tata Consultancy Services (TCS) today said it has given campus offers to 24,000 people, who will be joining the organisation in 2013-14. “We had said we would hire 25,000 from campuses in the next fiscal (2013-14). We have already rolled 24,000 offers, who will join the company starting July,” company’s Executive Vice-president and Global Head … Continue reading
Employers give the best jobs to students who have already worked for them
Record number of jobs going to students with experience with employer Research of 100 top employers also identified universities where bosses seek talent Students with no work experience warned they stand little chance of landing job at a leading firm Record numbers of graduate jobs are going to students who have already worked for the … Continue reading
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