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This article analyses the employability of university graduates in Spain, in terms of both the quan­tity and quality of employment. Regarding quantity, graduate employment rates are higher than those for people with other education levels. Furthermore, both in times of crisis and of bonanza, graduates are more protected against unemployment. This is fundamentally due to the fact that they work in sectors and occupations that are less exposed to cycles. Regarding the quality of their jobs, graduates are less likely to have fixed-term contracts, although not much less than those who have vocational training or upper secondary education. On the other hand, depending on how it is measured, the proportion of underemployed university graduates is between 26% and 38%. The article also confirms that the salaries of university graduates are higher than of those who have other levels of education; but they have decreased considerably over the last two decades, especially in the last bonanza period.

Employability of higher education graduates in Spain: crisis and new challenges1