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Graduate market struggling with excess of competition

The UK employment market is struggling to provide sufficient employment opportunities for recent graduates with figures suggesting that 270 students are competing for each and every graduate job in the UK. In many ways this is a nightmare scenario with a 15% increase in graduate numbers compared with two years ago, because of the recession, a record number of graduates qualifying this year and a backlog from the difficult recessionary period last year.

The excess competition in the graduate market is unlikely to reduce in the short to medium term as job opportunities continue to dwindle and more people look towards the education market as an alternative plan for the future. When you consider that the UK employment market is set to struggle in the second part of 2010, with many expecting unemployment to reach 3 million, and a significant number of redundancies forecast in the public sector in the short to medium term, times will remain tough for some time. There will likely be further budget cuts and tax increases in the medium term which will also place more pressure on the UK employment market.

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