Posted: 31 October, 2016
Even More Aussie University Grads Are Failing To Find Full Time Work
Is it worth doing a degree?
Australian university graduates are struggling to find full time work after finishing their degrees.
The number of graduates securing work within four months of completing their degrees dropped drastically between 2008 and 2014, according to a study from the National Institute of Labour Studies at Flinders University.
In 2008 56.4 per cent of university graduates had secured full time work within four months of completing their studies. However by 2014 that number had dropped to 41.7 per cent.
Things were even worse for 20 to 25-year-old graduates. In 2014 only 39.4 per cent of that group had secured full time work related to their field of study. In 2008 this same group had a higher rate of success with full time work than overall graduates, with 58.6 per cent of them finding full time employment within four months of graduation.
“The labour market faced by new graduates is different from the overall labour market (and currently more difficult),” Flinders University professor Tom Karmel said.
“We can only hazard a guess as to why this is the case. First, perhaps employers’ recruitment of new graduates has declined (and there is certainly anecdotal and empirical evidence to this effect). Second, perhaps we have flooded the market with new graduates.”