"Charlie Ball, head of labour market intelligence at Jisc, said post-pandemic hiring conditions had created "unrealistic expectations". "Many assumed the strong post-Covid jobs market was normal, but it really wasn't," he said. "We've now returned to normal labour market cycles after a few years of post-Covid exuberance. Vacancies are falling, businesses are unconfident and, with the AI bubble set to burst, recession looks more imminent.""
"Graduate employment has slipped back to pre-Covid levels as a weakening economy depresses hiring and unwinds the temporary post-pandemic surge in opportunities, according to new research from Prospects at Jisc. The annual What do graduates do? report, published on 25 November, shows a sharp deterioration in outcomes for the 2023 graduating cohort, who entered the labour market during a period of slowing demand and were surveyed in autumn 2024 as conditions worsened further."
Graduate employment slipped to pre-Covid levels as a weakening economy reduced hiring and unwound the post-pandemic surge. Only 56.4% of graduates were in full-time work 15 months after leaving university, down 2.6 percentage points and the lowest rate since the pre-Covid cohort. Graduate unemployment rose to 6.2%, still below overall youth unemployment of 15.3%. Fewer graduates entered IT roles (5.1%, down from 6.7%), reflecting a sharp drop in IT vacancies after over-recruitment. Administrative non-graduate roles fell, with retail again the largest non-graduate destination. Self-employment rebounded to 11.4%, up from 8.8%.
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