The latest figures from the Office for National Statistics (ONS) reveal that unemployment among 18 to 24 year-olds fell to 428,000 between March and May, a 12.7% drop from the same period in 2012.
The statistics bode well for the 600,000 university leavers entering the UK graduate jobs market this summer, as David Kern, chief economist at the British Chamber of Commerce, notes.
‘Job opportunities for new graduates will be at least as good and probably slightly better than last year, though still not as good as they could be,’ he said.
Stephen Isherwood, chief executive of the Association of Graduate Recruiters, agrees that conditions in the graduate jobs market are ‘tough’, but improving.
However, recent research has also suggested the overall number of graduate jobs for this year’s university leavers will experience a slight decline, in spite of an increase in the number of graduate jobs with the most prestigious employers.
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