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More evidence has emerged this week about the parlous state of the graduate recruitment market. Research shows vacanices down by 13% this year for graduate training schemes. Accountancy and the public sector show the greatest recruitment, but the armed forces is the only sector to actually increase its numbers, by 11%. Nevertheless there were only two applications for each graduate place in the armed forces, against 15 for each accountancy place.

But could the decline in graduate places actually be a blessing in disguise?

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Students graduating from university this year are likely to find it difficult to get a job. Not only is the general job market poor because of the recession but places on graduate schemes this year have been slashed. Of course they will get jobs in time, recessions do come to an end and this one is already showing tentative signs of recovery. But how should those appyling to university for the first time react to the slump in graduate jobs?

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