Bad news for university graduates heading out looking for jobs this summer.
The numbers have come in showing that university grads are facing greater numbers of unemployment.
However, if you are a college student, you are actually enjoying an increase in employment. This applies even to those with only a high school education.
The reason behind these numbers seem to be that university graduates are all vying for the same few entry level jobs.
The Executive Director of the Workforce Planning Board of Waterloo Wellington Dufferin, Carol Simpson, says that things have changed.
“Certainly, we’re seeing a push in a lot of industries for Master’s degrees taking over as the norm or the minimum requirement for a lot of jobs.”
Simpson also say that university students are competing with themselves for jobs.
“30 years ago if you had a university degree you went to the top of the pile from an employment stand point. Now you’re in competition with you know, you just have to look at the cohorts of student going through the university system right now. There’s a lot of them.” said Simpson.
But not enough jobs for what they studied for.
Job postings in the region saw mostly entry level jobs that didn’t require a university degree and computer programming jobs reflecting the tech sector.
University students still have a chance at entering the labour market. Job demand has remained the same.
Graduates just need to adjust the expectations and think smart.
Simpson says they must look for opportunities elsewhere.
“I think people need to be looking more at the transferable skills that they can take from one job into another and for example from one industry into another industry as being the way into the labour market and develop that career path for themselves.”