UK approaches Brexit with strongest graduate jobs market since the recession: New report

05 12.16

The unemployment rate for graduates six months after leaving university is 5.7%, a significant fall from 6.3% in 2015. Early unemployment rates below 6% signal a relatively strong jobs market for graduates, a level last seen during the pre-recession employment peak in 2007. As fewer graduates entered the labour market, there are clear signs of a shortage in many occupations, notably in nursing, engineering, construction, teaching, IT and parts of the business.

The annual What do graduates do? report published 3 November 2016 by Prospects and the Association of Graduate Careers Advisory Services (AGCAS) also reports that graduates are working in more professional roles with the proportion in non-graduate jobs after six months falling from 32% in 2015 to 29% in 2016.

Charlie Ball, head of higher education intelligence at Prospects said: “This year’s graduates can be reassured that we are approaching Brexit with a graduate jobs market that is in relatively good shape. Leaving the EU will disrupt our graduate labour market, but it won’t kill it. Although a hit to graduate career prospects is likely, the story of the UK economy will continue with increased reliance on highly skilled people to drive growth.”