Graduate unemployment is set to soar to record heights in the coming years with warnings announced that students will face stiff competition for jobs. The latest report by the Higher Education Careers Service Unit was announced merely hours after the media reported that in some instances there were up to 270 graduates applying for each job advertised.

Actual applications for positions have now increased by 15% in comparison to figues from 2008, the recession along with growing numbers of graduates is said to have contributed to this.

The next four years are likely to be the most difficult for graduates looking for jobs. Careers guidance and recruitment agencies are expecting to be hit hard by large numbers of graduates all needing help.

It has been discovered that out of last year’s graduates 22,000were not able to find work- accumulating to 8% of the total number. Recent cuts sue to the recession are obviously partly to blame.

In order to try to drive the economy many large companies have recently announced that they will be increasing the number of graduates they are taking on this year however. The number of jobs is so far up by 18% following the previous two years of decline as a result of the recession. Although these figures may seem promising it is important to realise that they simple restore recruitment figures to where they were in 2006.

The sheer amount of applicants has now reached a record level with demand for jobs escalating 15% compared to what it was in 2008. This suggests that there is, on average, 45 students attempting to fill each job vacancy, the figures rise to almost 270 for marketing roles.

If you are a graduate looking for work it is best to enlist the help of a professional it can be confusing and difficult finding a position that suits you.

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