Yet more evidence of the truly dire mess that the country was left in by the Labour Party comes in the form of graduate employment figures for 2009 graduates, the last gradation year under the old government. Much heralded in the news is the 1% increase to 8.9% of those reporting themselves as unemployed, but more illuminating ar the other figures, 59.2% in full-time employment (down from 61.4%), 15.4% in further study/training (up 15.4%), 8% working and studying (down 0.1%) and 8.4% "Other" (down 0..1%).
So what does that tell us? 83% of graduates are either working or studying, although a fair number of those "working" will actually be doing unpaid internships, but an amazing 17% have nothing to do when they get up in the morning. Even more worryingly, only 5% of graduates have gone into business or financial services. So don't be surprised if we slip further behind in the next 20 years.
And before anybody tells me that all the unemployed graduates are feckless layabouts, get in touch with me. I can put you in touch with numerous Oxbridge graduates, 1sts and 2:1's, hard working and sensible, whose talents are going to waste in post-Brown Britain.
1 comment:
What few have noticed is that when we were sending a lot more people to university the number of jobs that really do need higher education began to thin out and in other sectors there was a great deal of "padding" rather like the under employment characteristic of the 1950's. The blissful notion of just by sending people to university and recasting lowish grade routine jobs as needing degrees would automatically raise incomes was always going to go badly wrong. Nw the slippage that was inevitable has begun a lot of good unlucky people will be hurt. In the meantime easy immigration has had the effect of reducing real incomes sharply in lower grade jobs. What a mess.
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