Sunday, 14 June 2009

Job Prospects for this Year’s University Leavers Look Tough

40,000 graduates face unemployment http://www.guardian.co.uk/education/2009/jun/10/students-higher-education

A discussion of this http://www.guardian.co.uk/education/2009/jun/10/university-students-jobs-recession A graduate premium can still be identified according to a new report http://www.independent.co.uk/news/education/education-news/why-a-degree-is-still-worth-the-loan-1693841.html However, the statement made here, that "The research shows the average man with two A-level passes or more who does not go on to university earns £13.50 per hour. With a degree the figure is lifted to £16 – around £34,000 extra a year" is mathematically wrong. I calculate from these numbers that such a premium is worth about an extra £5,000 a year. Yes, it is a premium and is worth having but getting reliable analysis of this subject seems to be proving hard to achieve.

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