A tougher jobs market will make this one of the worst years to graduate for two decades, suggests a survey of leading employers.

The survey of 100 firms by High Fliers Research found that recruitment targets had been cut by 17% for this year.

The financial sector in particular had been hit by the economic downturn, with 47% fewer graduate entry jobs.

"Swinging cuts" in recruitment after years of a strong jobs market, makes this year a bad time to graduate.

Martin Birchall, managing director of market research company, High Fliers Research, says, "There is understandable panic on campus that this is shaping up to be one of the worst years of the last two decades to be graduating from university."

"Not only have vacancies been reduced substantially for those finishing university in 2009, but it is now clear that many of last year's entry-level jobs did not materialise either, leaving many graduates from the class of 2008 out of work too," he added.

Source : National Student
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