Friday, 30 October 2009

Graduates hit by drop in public sector jobs

Graduates hit by drop in public sector jobs
Fewer public sector job opportunities due to reduced government spending is leaving graduates exposed to unemployment, a thinktank has said today.

According to the Centre for Cities over half of all recent UK graduates work in the public sector, but their research shows up to 290,000 of these jobs could be lost by 2014.

The researchers have warned that over the next few years there will be a dwindling number of public sector jobs, and unless highly skilled jobs are created, cities will continue to see graduate unemployment rise.

Dermot Finch, chief executive of the Centre for Cities said: 'In a public spending squeeze UK graduates will continue to find it tough to take their first step on the employment ladder.

'The public sector will not drive graduate jobs growth over the next decade. This means more private sector job opportunities will be needed to bridge the gap.'

One in four workers in the UK's cities are employed by the public sector, and six months after completing their studies 52 per cent of all recent graduates work in public service positions.

Figures from the Centre for Cities show Tyne and Wear, Greater Birmingham and Leeds have seen the largest increases in graduate unemployment of England's major cities this year. Graduate unemployment in Tyne and Wear has nearly doubled over the past 12 months.ADNFCR-708-ID-19433809-ADNFCR

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