Indebted graduates struggle to find work

31 December 2009

According to figures obtained by the Liberal Democrats, unemployment in the recession is rising fastest among 18-24-year-olds who have degrees, the Guardian reports.

The data shows that in the three-month period running up to September, one in five 18-24-year-olds who were unemployed had a degree.

The Guardian reports that `the figures raise fresh concerns about the plight of the "generation crunch", the most indebted generation of students in history who graduated into the recession this year.`

The Liberal Democrat universities spokesman, Stephen Williams, said: "The same graduates that have been saddled with record levels of debt are now bearing the brunt of the recession."

Wes Streeting, the President of the National Union of Students (NUS), added: "These startling figures show that much more needs to be done to support unemployed young people, particularly graduates."

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