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Unemployment statistics for young university graduates have risen significantly in the UK between 2008-2010, with 1 in 10 UK graduates currently jobless. The Higher Education Policy Institute said that unemployment among graduates below age 24 rose by 25%, from 11.1% in December 2008 to 14% in December 2009.  Male graduates have shown to have a harder time getting a job compared with their female counterparts, however men still earn on average more than women once employed. The rise in unemployment could be attributed to cutbacks in the public sector where many recent graduates seek jobs upon entering the work force.

Because there are fewer jobs, many young adults have decided to go back to school, or in the case of recent graduates, continue their studies. Postgraduate programs are receiving an increased number of applicants, many of whom are young adults who have turned to education to improve their chances of gaining employment. In 2009, institutions like the University of Glasgow and Sheffield Hallam University have seen more than a 50% rise in postgraduate applications.

For those of you who are heading back to school, share your story with us in the comments section.

Reference BBC UK

Tags: BBC, Higher Education Policy Institute, Postgraduate, Sheffield Hallam University, UK, University of Glasgow