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Deficit reduction may dent recovery in graduate jobs market

Deficit reduction may dent recovery in graduate jobs market
Government moves to cut the national debt may imperil recent growth in the graduate jobs market according to a new survey of the UKs 100 leading graduate recruiters. 
The jury is out on the effects upon graduate recruitment of the new coalition government states the survey conducted by graduate jobs site targetjobs.co.uk. Seventy-two per cent of graduate recruiters are reserving judgement on the coalition while 18 per cent think it will be bad for students and graduates.  The possible effects of cuts, leading to a double-dip recession, combined with possible changes to tuition fees creates uncertainty and caution according to AGR Chief Executive Carl Gilleard, who presented the findings at the most recent TARGETjobs.co.uk Breakfast News event.
At stake is the recent growth in the graduate jobs market with 81 per cent of recruiters planning to hire more or the same number of graduates in 2010 as compared with 2009. The overall level of business confidence among graduate recruiters is still at a lower level with just 38 per cent of employers feeling upbeat.
Key findings
Seventy-two per cent of graduate recruiters are reserving judgement upon the new coalition government while 18 per cent think it will be bad for students and graduates.
81 per cent of recruiters are planning to hire more or the same number of graduates in 2010 as compared with 2009.
The overall level of business confidence among graduate recruiters is still at a lower level with just 38 per cent of employers feeling upbeat.
Chris Phillips, UK Publishing Director of targetjobs.co.uk comments upon the report: Inevitably, a new government will have an impact upon jobs market. However, the survey shows that graduate recruitment has weathered the storm clouds of recession more so than other types of jobs market. There is an underlying strength to the graduate jobs market thats absent from the equivalents for casual, unskilled and even expensive highly skilled labour. 
 
 

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