Video Summary: Graduates in the Labour Market, 2012

This video podcast shows:

• how over the past decade the percentage of recent graduates working in the lower skill jobs in the economy has risen from 26.7 per cent in 2001 to around 35.9 per cent in 2011,

• the number of recent graduates has increased by around 41 per cent over the past decade,

• the recent recession has impacted most on the employment rate for recent graduates compared to all graduates and non-graduates,

• graduates with a degree in medicine/dentistry earn the most at around £21.29 per hour. Graduates with an arts degree earn the least at £12.06 per hour. Non-graduates earn around £8.92,

• new graduates (those graduating within two years) have the highest unemployment rates.

Source: Office for National Statistics

Background notes

1. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

   These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.