The guardian writes Graduates warned of record 70 applicants for every job:
Graduates are facing the most intense scramble in a decade to get a job this summer, as a poll of employers reveals the number of applications for each vacancy has surged to nearly 70 while the number of available positions is predicted to fall by nearly 7%.
The class of 2010 have been told to consider flipping burgers or stacking shelves when they leave university as leading firms in investment banking, law and IT are due to cut graduate jobs this year.
Competition in the jobs market is fiercer now than for the first “post-crunch” generation of students, last year, when there were 48 applications for each vacancy.
And so the global depression continues … To those folks who were looking for a job in investment banking or similar opportunities and are now presented the option to take a job flipping burgers or stocking shelves … take it rather sooner than later! It’s not a bad thing to do something that’s actually useful for a change.