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Pay down, debt up, but life could be harder

There is only one thing worse than being a graduate and that is not being a graduate, writes Alison Goddard.

Half of recent graduates are in medium- or low-skilled work, according to data released yesterday by the Office for National Statistics, which itself has an odd definition of "graduate" (only 53 per cent of whom have a first degree). The Guardian reports that those who recently left university are more likely to work in middling jobs than those who graduated before the financial downturn.

The Daily Telegraph also reports that recent graduates are employed in middle-ranking jobs but adds that degrees deliver jobs in which pay rises faster and peaks higher than for non-graduates. Interestingly for the newspaper it also carries a column by Mary Riddell which speaks approvingly of a speech made by Neil Kinnock, when he was leader of the Labour Party, and implores Ed Miliband to promise to do more to help youngsters.

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