Wednesday, August 24, 2016

Where Are Europe's Unemployed Graduates? via @StatistaCharts #130

As many young people are contemplating starting out on three or four years in College, I'm sure many are wondering what their prospects for employment will be when they graduate. 

Based on figures from Eurostat, the wonderful folks at Statista have produced an infographic showing how each country in Europe ranks for employment rates among graduates. Malta (96.9% employed) comes out on top, while Greece ranks lowest (49.9% employed). Not surprisingly, richer countries like Germany, Sweden and the UK have very high rates of graduate employment, while those who have struggling economies like Spain, Italy, and Cyprus have relatively poor rates.

Ireland ranks 16th highest for employment rates with 83.4% of graduates having found employment. This implies that the unemployment rate among Irish graduates runs at 16.6%, precisely double the overall national average of about 8.3% (source: Irish Independent). This does not look good and should cause a stir among Irish third level Colleges. While the Irish unemployment rate has been steadily declining for the past few years it is still relatively high, especially among graduates. While those starting out College now should have a better chance of work, if this trend continues, it will still be tough for some to find employment when they graduate.

Today's Irish Times reports that emigration is "still high with 31,800 Irish leaving in 12 months to April" 2016. How many of these are highly educated graduates?

Infographic: Where Are Europe's Unemployed Graduates?  | Statista
You will find more statistics at Statista.

Note (from Eurostat):
It should be noted that the indicator 'employment rate of recent graduates' presented in this article concerns recent graduates (in other words, those who have graduated within the last one to three years) meeting two criteria, namely:

  • being in employment, and;
  • not in any further (formal or non-formal) education or training (during the four weeks preceding the survey).

1 comment:

  1. hum, not in employment does not equate to unemployed... many students pursue postgraduate education or take a year out for example