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Thursday, 10 January, 2002, 08:52 GMT
Jobs slowdown for graduates
Graduation
Graduates need to be flexible about their career choice
New graduates may find it more difficult to find a job this year as employers cut back on recruitment as the global economic slowdown takes its toll.

Vacancies are expected to fall by 4% for this financial year, according to a survey from the Association of Graduate Recruiters (AGR).


The downturn is not affecting all industries and there are still graduate jobs out there

Carl Gilleard
AGR
The total number of graduate jobs has only fallen three times in the last 13 years.

Those wanting jobs in the electrical and engineering sector, particularly telecoms, face the toughest time with employers expecting to more than halve their number of graduate vacancies.

Service sector boost

Students seeking a career in catering, retail or the hotel trade have the best prospects with posts likely to increase by 20%.

And energy, water/chemical and allied industries have predicted an 18% growth in demand for graduates, while salaries generally are also expected to rise by an above-inflation 3.2% over the same period.

But these examples are anticipated to be the exception to the rule.

However 43% of employers said they had struggled to find graduates with initiative, communication skills and the ability to deal with people in the previous financial year.

AGR chief executive Carl Gilleard said: "It is encouraging that some employers are maintaining their graduate intake despite the economic climate.

"The lessons learnt in the early 1990s are clearly being taken on board as employers recognise the dangers and cost implications of stopping graduate programmes completely.

"The downturn is not affecting all industries and there are still graduate jobs out there.

"But graduates need to be on the ball, flexible about their preferred industry choice and clear about the skills employers are looking for."

The survey was based on responses from 178 AGR members.

See also:

22 Jul 00 | Education
Employers target students early
08 Dec 00 | Education
Graduates pick and choose jobs
29 Nov 99 | Education
Going to university pays off
02 Nov 01 | Business
How the job market changed
22 Oct 01 | Business
Graduates face tougher job market
15 Feb 01 | Education
Bright future for graduates
Links to more Education stories are at the foot of the page.


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