Magazine article Public Finance

University Leavers to Suffer during Downturn

Magazine article Public Finance

University Leavers to Suffer during Downturn

Article excerpt

The spending squeeze will hit new graduates hard, a thinktank has claimed, as figures show that more than half of UK graduates start their careers in the public sector.

A Centre for Cities' report published on October 29 showed that 52% of graduates' first jobs were in the public sector. It attributed this partly to the high number of skilled jobs in medicine and education.

But it added that 41% of first-degree graduates - excluding teachers and doctors - started in public service, a far higher rate than the 27% of the overall workforce nationally that works in the sector.

The report said that the majority of jobs created in cities in the past decade - 69% - were public sector positions. It also warned that up to 290,000 public sector positions in the UK could be lost by 2014.

Dermot Finch, chief executive of the Centre for Cities, said: 'In a public spending squeeze, UK graduates will continue to find it tough to take their first step on the employment ladder. …

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