Graduates face a bleak summer of job hunting as companies cut back from their recruitment programmes due to the crisis in the financial markets, potentially creating a surge in people hunting for more flexible temp jobs.
c. 270,000 students will finish their degreess this year however they will actively be competing for only 75,000 graduate jobs, about 20% of the number of positions available 2 years ago. The will obviously mean the graduates will seek alternative employment in lower paid or temporary contract employment, potentially in bars and restaurants whilst biding their time. The problem will be exaggerated in the City of London where 10,000 job cuts are expected.
High levels of debt are obviously a major concern for students which student loans and course fees finding a job is paramount, people real can be walking a financial tightrope and run the risk of being declared bankrupt. Make sure you apply for a wide range of vacancies to ensure as many interviews as possible.
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