Graduate unemployment has become the norm for many graduates as 1 in 5 graduates are currently unemployed. Although 20% of graduates from 2010 are unemployed, the other 4 in 5 that are in work, may not necessarily be within roles related to their degree. iGradu8.com estimate that 1 in 5 graduates are in a role that is related to their degree!
The question many of you will be asking is why? There are a number of reasons why graduate unemployment is at a 15 year high:
- Supply and Demand – The supply of graduates outweighs the demand from employers substantially.
- The Recession – Graduate unemployment almost doubled during the recession.
- Confidence – There is a lack of confidence by employers, due to the recession.
- Job Cuts – Jobs cuts within the public and private sector during the recession increased the level of competition for graduates within the employment market.
- Discipline – The degree which you have attained may not have taught you the skills that employers are looking for.
- Naivety - Many graduates believe that with a degree they will be instantly employable as an individual. As a result, they are extremely unprepared for interviews.
- Lack of Experience – A common job description will state: ‘Must have previous experience’. Where from? As job cuts increase, and competition within the employment market increases, graduates struggle to compete due to a lack of experience.
So, now you know why graduate unemployment is at an all time high, the question you will be asking yourself next is how can I compete within the job market, and where can I get the experience I need? The answer is iGradu8.com!
iGradu8.com is a site created by graduates for unemployed graduates. We are unique, as no recruitment company, employer, or any other employability advisory site has had to go through the experiences of being unemployed in 2010 first-hand.
The creation of this site generated us the experience we needed to get a job in a volatile marketplace. If you listen to the advice we offer, we can teach you how to create your own site, and start getting the experience you need today!
If you would like to discover graduate unemployment in greater depth, please follow the links below.
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Graduate Unemployment 2010
Graduate Unemployment 2011
