The Daily Telegraph reports that graduates are entering the toughest job market in years.
Are such dire predictions of recession – nay depression - the only side of the economic forecast for Britain? Media negativity aside, there is another view that suggests the UK might weather the impending economic storm more ably than some predict. There is still plenty of opportunity for graduates both from the UK and further afield.
Britain is Europe's leading business centre, inflation is low, and employment at the highest level for 30 years – making the thought that 195,000 students graduating this year might not step immediately into a well-heeled job seem less ominous.
The impact of this recession might even be less than that of the 1990s some experts say, because today's economy is more resilient. The demand for qualified, experienced people from countries such as Australia, New Zealand and South Africa is still strong. Whatever the economic forecast, areas such as IT show demand is very high and growing. A global survey of business chiefs carried out just last month found that their biggest worry is staffing problems and a crisis in IT skills. Fifty-eight per cent of CIOs and CEOs are worried about an insufficient number of staff (according to a survey commissioned by the
independent IT Governance Institute (ITGI).
Also, demand in areas such as the nursing sector continues to be very strong. The NHS gets enormous support from agency nurses; the bill for their services topped a massive £1b in 2005 and these trend seems set to continue.
The fact of life is that it goes on ... recession or not, experienced people that are highly skilled will always be in demand in the UK, and people will continue to want to come here because this is stable and prosperous country.