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Are Australian graduates still struggling with unemployment? Not really

25 5 7

FOUR years on from the worst new graduate employment outcomes in Australia ever, the 2018 statistics released today show cause for optimism.

Although full-time employment rates remain well down on a decade ago, they are improving.

Graduates in health-related courses fare the best

In early 2018, about four months after completing an undergraduate course, 73 percent of new graduates who were looking for full-time employment had found it.

This continues a positive trend since the low point of 68 percent in 2014. But apart from the early 1990s recession, it’s still a poor result by historical standards.

Full-time undergraduate employment rates, approximately four months after completion. Source: Department of Education and Training, Graduate Outcomes Survey and Graduate Careers Australia, Graduate Destination Survey/The Conversation

These overall results hide substantial differences between graduates of different degrees.

As usual, health-related occupations have the best employment rate, with medicine, pharmacy and physiotherapy recording more than 90 percent employment.

Also as usual, graduates in the visual and performing arts have the worst outcomes, with just over half in full-time employment. Biological sciences graduates did better in 2018 than 2017, but with 58 percent in full-time employment they’re still in a tough labour market.

A follow-up survey three years after graduation suggests employment rates improve significantly over time, although the strong fields at the four-month point usually retain their top position.

SEE ALSO: Are universities responsible for graduate employability?

Job quality is stable

Compared to 2017, job quality for new graduates in 2018 is stable.

In both 2017 and 2018, 72 percent of........

© Asian Correspondent