Ten percent of students who left UK colleges last year were unable to find work, according official figures, up from 8% the year before.[One in ten UK graduates unemployed by Martin Shankleman,BBC News, July 1, 2010 ]
The jobless rate among 2009 graduates is the highest in seven years, says the Higher Education Statistics Agency.
And the number of students who managed to find employment within six months has dropped from 62% to 59%.
The figures also reveal how the chances of students finding work depend on their choice of college subject.
The agency's figures are based on the experiences of 205,000 students six months after graduation.
This snapshot suggests that no medical students are out of work, but that 9% of language students are unemployed, rising to 14% of communications students, and 17% of those on computer science courses.
It is rather obvious that UK immigration regulations are a major factor in this problem.
Official figures show that immigrants have taken four out of every five new jobs in Britain since 1997.[UK may shut its doors on foreign professionals, Economic Times,(India) Jan 20, 2009]
The reason is simple: even though wages in the UK (and much of the rest of the EU) are lower than those in the US, they are much higher than much of the developing world. The entire workforce of the UK might theoretically be replaced for 13% of present wages if there were no protective measures in place.
My heartfelt advice to elites who have made money on the expropriation of Britons:leave. Handling this situation will not be pretty—and you do not want to be left holding the bag.