Graduates and school leavers face jobs crunch

bubblesmoney

Graduates and school leavers face jobs crunch

Amid growing evidence that the young are facing the biggest unemployment ­crisis of any age group, the Chartered Institute of Personnel and Development (CIPD) said nearly 50% of employers it surveyed were not planning to recruit school leavers or graduates this summer.

an article from one of our own about UK employment has got a lot of info about UK employment statistics http://anothereconomicblog.blogspot.com/

similar results for employment from the usa too. so that itself should rubbish the greenshoots theories. here are a few interesting visuals from this article What are Payrolls Telling Us About the Equity Market?

please note that the S&P500 rises usually after the TEMP jobs start spiking but the present S&P500 spike is happening with increasing job losses!

the same differences come across when seeing the retail sector jobs to S&P500 visual as well. see the above mentioned article for the interesting analysis

lostinrates

I couldn't keep doing it online..but I did start a log of graduate deferrals etc on my law firm recession notes ''elsewhere''. Retention rates will be interesting too, as training contracts come to an end. One large law firm -Freshfields- is saying about 30% of their NQs will not be retained.....

bubblesmoney

lostinrates wrote: »

I couldn't keep doing it online..but I did start a log of graduate deferrals etc on my law firm recession notes ''elsewhere''. Retention rates will be interesting too, as training contracts come to an end. One large law firm -Freshfields- is saying about 30% of their NQs will not be retained.....

i think i did see your note about this 'elsewhere':p

amcluesent

IIRC. the armed forces have been able to pick and choose there so many turning up at the recruiting office. Obviously the RAF will pick Tarquin Ramsbottom-Smythe and the Army will pick Darren.

bubblesmoney

amcluesent wrote: »

IIRC. the armed forces have been able to pick and choose there so many turning up at the recruiting office. Obviously the RAF will pick Tarquin Ramsbottom-Smythe and the Army will pick Darren.

i think its the same elsewhere too where there are shortages of jobs in the economy. in such situations people go for what is available ie the armed forces. going to war in bad economic climates is a tempting solution for politicians to deflect the publics attention from the economic problems. in every country the poorer sections of society form the bulk of the fighting forces and are the ones who get killed in conflict, while the more priviledged ones make the decisions to go to war and keep their children away from the armed forces or even if they do get enrolled they get cushier postings away from danger and get photo opportunities and the fun bits like flying choppers and planes to parties and what nots, while the fighting sections predominantly of under priviledged sections of society in the same armed forces lack basic safety equipment.

ray123

Is it not possible that there are simply too many people of working age and not enough jobs, now that the bubble has burst. The economy is contracting at an extraordinary rate, unemployment is on the increase and companies are probably not filling vacant positions.
Of course, I truly sympathise for these university graduates and anyone else who is struggling at the moment!

Mini_Bear

I agree with ray123 with the govt promoting university as the way into a decent job i feel so sorry for those graduates coming out of uni this year.
I hear now that most large firms are not hiring for graduate schemes and this in turn means that in 5 or 6 years when these graduates would normally be looking to buy their first home many will be on low salaries or indeed taking voluntary work abroad. i think this will impact house prices for many years.
The govt should be overhauling the education system and giving kids skills that will see them thru to adult life - things like languages and vocational courses in business and the trades.

Chris2685

By the looks of that second graph, does that mean wages are now on a par with 2001? Or does it mean that wages have increased each year by that amount?

BettiePage

Can't say I blame the employers really. Would you prefer a media studies graduate with no experience, who gets regular hangovers still or may drop a sprog within the next few years? Or for the same money, someone who may also have a degree (or may not) but already has 10+ years experience, is past their hangover days and already has a family? Oh and will work hard as they have a mortgage to pay and they're petrified of losing their job.

Luckily my son has got a place in 6th form, I've told him to stay in education for the next few years if possible. Hopefully, 5 years from now, things will be picking up again.....

Edit: Obviously, I'm stereotyping here, but you get the gist....

Old_Slaphead

I think that university students are not totally blameless in this issue. They purport to have brains so should have been more cynical of Government propaganda which implied no matter how many legal and media studies graduates the universities churned out, there would continue be an inexhaustable supply of highly paid jobs in Labour's new boom & bust-free economy.

Most will probably end up as teachers.

bubblesmoney

Chris2685 wrote: »

By the looks of that second graph, does that mean wages are now on a par with 2001? Or does it mean that wages have increased each year by that amount?

i am not sure which graph you are reffering to about wages, the ones i posted are about jobs only and not about wages.
i think you misunderstood the one about payroll employment. they are reffering to permanent jobs by the term payroll employment as opposed to temporary contract jobs.