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Growing job opportunities for graduates

Paystream News

Michelle Derungs

Thursday 5th Jun, 2014

The number of graduates struggling to take their first step onto the career ladder has eased up in recent months according to the barometer, which highlighted an increase in graduate and trainee vacancies, of 11% over the past 12 months.

Areas to have seen the greatest rise in graduate opportunities are Scotland and the East Midlands, with increases of up to 32%. Wales also saw a 19% rise in vacancies in comparison to 2013's figures.

The widespread growth in job opportunities has led to a drop in vacancy competition, with the number of job applications per vacancy falling by much as 22% over the past 12 month period.

Graduates and trainees were not the only ones to have felt the positive effects from the economic recovery of the UK. Jobs vacancies have increased in all sectors by 8% over the past year, with some industries surpassing this. Individuals working in the property sector have seen increases by as much as 19% along with education which has seen a 22% growth in job vacancies.

There have also been interesting developments in the oil, gas and energy sector, which contrary to the trends seen in other sectors has actually seen an increase in vacancy competition with more candidates applying for the same job. This comes as quite a surprise as in previous months this industry was one of the heaviest effected by the growing skills shortage in the UK, which led to a lack of suitable candidates within this sector.

Although there have been fluctuations within the job market it is positive to see that the UK's economic recovery has alleviated some pressure from graduates seeking entry level positions within their chosen industry. This trend not only spells an optimistic future for the UK, but a positive future for graduates looking to take that first step onto their career ladder.

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