Stat of the day:21,000

The number of graduates still out of work six months after leaving university.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
The first batch of students hit by the introduction of top-up fees in 2006 may now have even more pressure when it comes to paying back their loans, after new research suggested graduate unemployment is rising again.  

According to figures by the Higher Education Careers Services Unit, 21,020 students who graduated in 2009 are still out of work – that's nearly 9% of the total number of graduates, up by 1% from the year before. This is the highest level for 17 years, the study suggests, when graduate unemployment reached 11.6% in 1993.

The research also shows that last year’s graduates had different levels of success depending on the course they studied. IT graduates struggled the most to find work, with an unemployment rate of 16%r - while those who studied engineering, media studies or architecture also had fairly bleak prospects with a jobless rate above 10%. By contrast, geography and psychology graduates had a better than average chance of getting work.

The research comes as the government plans to substantially increase the amount students pay for their degrees.  But with graduate unemployment so high, many will be questioning whether a bill of up to £80,000, if the government’s proposals are to be implemented, will be worth it.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Mike Ashley: Does it matter if the public hates you right now?

The Sports Direct founder’s response to the COVID-19 pandemic has drawn criticism, but in the...

4 films to keep you sane during the coronavirus lockdown

Cirrus CEO Simon Hayward shares some choices to put things in perspective.

Pandemic ends public love affair with Richard Branson et al

Opinion: The larger-than-life corporate mavericks who rose to prominence in the 80s and 90s suddenly...

The Squiggly Career: How to be a chief strengths spotter

When leading remotely, it's more important than ever to make sure your people spend their...

"Blind CVs don't improve your access to talent"

Opinion: If you want to hire socially mobile go-getters, you need to know the context...

The highs and lows of being a super-achiever

Pay it Forward podcast: techUK boss Jacqueline de Rojas and Google UK's marketing strategy and...