Decline in Graduate Employment

The latest survey by the Institute of Student Employers (ISE) found that the number of graduate jobs declined by 12% and that the majority of employers anticipated a further decline next year. Employers in the retail and consumer goods sectors made the biggest cuts, slashing 45% of graduate jobs. The ISE, which surveyed mostly large employers, also said that employers reported a 29% decrease in internships and a 25% decrease in placements in 2019-20 with further falls expected next year. Stephen Isherwood, chief executive of the ISE, said, “Employers have had to make significant adjustments. As a result, graduate jobs do not appear to be collapsing and school and college leaver recruitment is holding up, but the decline in internships and placements is more worrying. Around half of placement students get rehired, so diminishing these roles damages the talent pipeline.”