The problem of graduate unemployment has been magnified in recent years owing to the growing size of the graduate population," the report said. "This, together with the high incidence of unemployment, has resulted in a large number of unemployed graduates -- 11 million out of 63 million graduates between the ages of 20 and 29 were unemployed as of 2023," it said. Unemployment rates are stubbornly high for young graduates. Between 2004-05 and 2023, while approximately 5 million graduates were added each year, only around 2.8 million found employment, and an even smaller share entered salaried employment, contributing to rising graduate unemployment and slowing earnings growth, it said. However, growth in entry-level salaries of young graduate men has slowed down.

Source: The Telegraph March 18, 2026 00:28 UTC