Graduate job adverts fall by three quarters ahead of ‘extremely challenging’ summer

Linda J. Dodson

Graduates are facing a black hole of employment opportunities, as the number of jobs advertised for university leavers has fallen below a quarter of its level at the start of the year. 

Some people have already lost jobs or internships they were expecting to start later this year, or are facing rounds of cancelled interviews.

There are currently 3,401 graduate jobs being advertised on Adzuna UK, an online jobs board, down from 14,678 at the start of the year. This had risen to a peak of 15,000 options in mid-February.

The average advertised salary for a graduate job has dropped marginally to £23,200, down from £24,000 this time last year. 

British final year students have been some of the hardest hit. While graduate recruitment has fallen by 77pc in Britain since the start of the year, in Italy and France it has dropped just 35pc and 28pc respectively, Adzuna found. In Germany the drop-off has been a mere 8pc. 

Andrew Hunter, of Adzuna, said the summer of 2020 would be extremely challenging for graduate job hunters. 

“In the 10 years we have been collecting and analysing employment market data, I have never seen such a huge supply and demand imbalance,” he said. “Competition for the few remaining graduate roles will be intense: we anticipate there being well over 100 candidates applying for each vacancy and further big cuts to entry-level recruitment to come.”

Even people who had already secured a position will not necessarily be safe. Around one in three final year students have lost their graduate job before starting, while another third have had their offer deferred or rescinded, according to Prospects, a graduate careers service.

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