Australia Labour Market Graduate Employment Recruitment
Weak labour market makes job-hunt harder for new graduates BERNARD LANE, THE AUSTRALIAN:
GRADUATES are finding it tougher to get a job straight out of university because of weak demand in the labour market.
Four months after finishing, 10.6 per cent of 2013 bachelor degree graduates up for a full-time job had still not found work, compared with 8.6pc in 2012, according to a Graduate Careers Australia survey.
“These new employment figures suggest that the recruiters of graduates remain cautious in their hiring plans,” GCA says.
“The survey says short-term job prospects for graduates have been poor since the global financial crisis although their longer-term career outlook remained bright.
“The proportion of graduates available for full-time employment fell between 2011 and 2013, from 64.8 per cent to 61.6 per cent, suggesting that a number of new graduates were discouraged from seeking a place in the full-time labour force,” GCA says.
“In the same period, and related to the soft labour market for new graduates, the proportion of graduates continuing in further full-time study rose from 19.4 per cent in 2011 to 20.7 per cent in 2013.
“Historically, between one-fifth and one-quarter of respondents elect to continue in further full-time study.”