Job Market Monitor
Graduate
Graduates and Job in UK – One million more professional jobs than workers with degrees to fill them
Our report tackles the misperceptions that there are too many graduates, not enough jobs for them, and that some degrees have little value for employers. We need to address misconceptions about graduate jobs. Some say that there are too many people going to university, and others have spent many years lamenting that they cannot find … Continue reading
Class of 2017 in US – Underemployment rates among young graduates have improved but remain higher than before the recession began
After years of elevated unemployment and depressed wages, young graduates’ economic prospects have finally begun to brighten. Members of the Class of 2017 have better job prospects than their peers who graduated in the aftermath of the Great Recession. Unemployment rates for young high school and young college graduates have returned to within one percentage … Continue reading
Grads in Canada – Management sciences and quantitative methods graduates highest earners among bachelor’s degree holders
On average, 25- to 54-year-old male bachelor’s degree graduates who worked full year, full time, in 2010, earned $87,543 in 2010 dollars (Chart 1). Among them, management sciences and quantitative methods graduates earned the most—$130,547, or $43,004 more than the average male bachelor’s degree graduate (after adjusting for age). These graduates were followed closely by … Continue reading
Canada – University graduates with lower levels of literacy and numeracy skills, 2012
In 2012, more than a quarter of university graduates in Canada aged 25 to 65 had a literacy score at the second level or below (out of five levels) in a survey on adult competencies led by the Organisation for Economic Co-operation and Development (OECD). The survey, which was part of the OECD Programme for the International Assessment of Adult … Continue reading
US – Public, private or a top 100-ranked school do not make a difference in workplace engagement or well-being study finds
Gallup, in partnership with Purdue University and Lumina Foundation, today released results from the inaugural Gallup-Purdue Index that finds there is no difference in workplace engagement or a college graduate’s well-being if they attended a public or private not-for-profit institution, a highly selective institution, or a top 100-ranked school in U.S. News & World Report. … Continue reading
Graduate starting salaries in UK – Dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012
The starting salaries for graduate jobs has declined as the economic downturn bites. The average starting salary for graduates in professional employment dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012. Only two subject areas – Materials Technology, and Librarianship & Information Management – showed an increase in starting salaries, … Continue reading
Graduates in Canada – A ‘lost generation’ really ?
Statistics Canada released the first data from the new National Graduates’ Survey. To put it mildly, this new data blows both of those narratives out of the water. The NGS is designed to report on the fate of graduates two years after graduation. What was released last week was the 2012 employment and income situation … Continue reading
US – 260,000 graduates in minimum wage jobs
About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics. Things may be looking up a little, though — it’s the smallest number since 2008. The worst year was 2010, when the number skyrocketed … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
Grads Job Search in UK / Nearly 40% still hunting after six months
Nearly 40 per cent of graduates are looking for work six months after graduation, while a quarter are still unemployed after a year, according to new research. Conducted by the graduate recruitment website Totaljobs.com, the survey also shows that almost half of all graduates wished they had steered clear of academic courses, opting for ‘something … Continue reading
East Asia Rising Pool of Unemployed Grads / Are there too many ?
Fast growing East Asian economies have rapidly increased the numbers of students attending university in recent years. Now the pool of unemployed graduates is rising to worrying levels in the region generally – and even in some high-growth economies. Of particular concern is whether high graduate unemployment is a temporary blip or reflects a chronic … Continue reading
India / Just 20% of the class of 2013 have got jobs
The following set of numbers shows the young have read the grim job market right. Andhra Pradesh has over 700 engineering colleges and 3.5 lakh seats – the highest in any Indian state. But just 2 lakh seats were filled up this year. Why? Because just 20% of the class of 2013 have got jobs. … Continue reading
China / Jobless graduates may exceed 3 M
Over 3 million graduates in China are struggling to find jobs this year, according to a report on China’s social security, released on Sunday Continue reading
UK / 46 applications for every graduate vacancy this year
Nearly 50 graduates on average are applying for every job this year amid fierce competition for the best career openings, new research shows. Well in excess of 100 applications for each position are being sent to some employers, such as consumer goods and media companies. A report suggests there has been a rise in the … Continue reading
Job Search Tool for Grads / LaunchPad connects job seekers with professional advisors
As graduation looms closer and closer, many soon-to-be college alumni have only one thing on their minds: the impending job search. Sometimes it feels like all we hear about are the dismal prospects for graduating seniors, or how competitive the job market is — but six Harvard Business School students have set out to help … Continue reading
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