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Graduates face toughest job market since 1993

University graduates face one of the toughest job markets in decades with the full-time employment rate for graduates now at its lowest level since the early ‘90s, according to a survey by Graduate Careers Australia.
The survey, which mirrors research published by the Federal Department of Education in January, shows just 71.3% of new bachelor degree graduates looking for a full-time position were able to find one within four months of completing their course.
The figure represents a significant fall from 76.1% a year earlier, and is much lower than the 85.2% graduate rate recorded in 2008 at the start of the global financial crisis.
Historically, full-time graduate recruitment is at its third lowest level since the survey began in 1982, with the exception of 1992 and 1993, when the rate fell to 70.6% and 71.1%, respectively.
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