Graduate labour market statistics have been released by the Department for Education covering graduate, postgraduate and non-graduate employment rates and earnings for England.
Long-term trends illustrate that employment rates fell across all groups as the recession hit in 2008, although for graduates and non- graduates these have since recovered to around pre-recession levels. The employment rate for working-age postgraduates in 2017, however, was still 1.3 percentage points below 2007 levels (89.1%).
Although graduates and postgraduates had similar overall employment rates in 2017 (around 87.5% and 87.7%, respectively), postgraduates had much greater high-skilled employment rates, with 77.8% of all working-age postgraduates in high-skilled employment compared to 65.5% of all working-age graduates.
A greater percentage of non-graduates were working in medium or low skilled employment than graduates or postgraduates across the working-age population.
In 2017 the average,working-agee graduate earned £10,000 more than the average non– graduate, while on average postgraduates earned £6,000 more than graduates.
The nominal earnings data does not account for inflation, however, it illustrates that long term trends show that salary growth has remained subdued since 2010. This demonstrates how salaries across the economy faltered during this period, with higher education not necessarily protecting graduates from low salary growth.