Thursday, May 26, 2011

April - Record-low 91% of new university graduates get jobs

The employment rate of new university graduates at the April 1 start of fiscal 2011 edged down 0.7 percentage point from the year before to match the record-low 91.1 percent recorded in 2000, as the March 11 quake and tsunami hit employers' sentiment, the government said Tuesday. 


The rate for high school graduates as of March 31 rose 1.6 points to 93.2 percent overall, but dropped in Miyagi and Fukushima prefectures, the hardest hit by the natural disaster and subsequent nuclear crisis, by 3.3 points to 87.6 percent and by 2.4 points to 93.1 percent, respectively.

Corporate sentiment on employment was hit by the disaster and the resulting power shortages that affected businesses in the last stage of the recruitment season, an official of the Health, Labor and Welfare Ministry said.

Even among those who found jobs, 206 high school graduates and 139 university graduates had offers canceled as of May 18, according to a survey by the labor and education ministries.

A record-high 33,000 university graduates are estimated to have failed to find a job while an estimated 337,000 got jobs. The rate for men lost 1.0 point to 91.0 percent, while that for women was down 0.3 point to 91.2 percent.

About 170,000 high school graduates also entered companies, with the rate for men up 1.0 point to 95.1 percent and that for women up 2.4 points to 90.6 percent, the Education, Culture, Sports, Science and Technology Ministry said.

The survey results are provisional, however, as the ministries failed to obtain data from six universities and colleges in quake-hit areas out of 112 selected from across the country, and from 10 schools in Iwate and Fukushima prefectures out of all high schools covered.


http://www.breitbart.com/article.php?id=D9NDFKBO0&show_article=1

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