Japan’s recent university graduate employment rate drops

Political economics

Tokyo, May 20 (Jiji Press)–The employment rate of Japanese university graduates in spring this year fell for the second consecutive year, as companies hit hard by the COVID-19 pandemic reduced hiring , a government inquiry revealed on Friday. .

The survey by the Labor and Education Ministries showed that the employment rate among these new university graduates as of April 1 had fallen 0.2 percentage points from a year earlier to at 95.8%.

The rate had been on an upward trend in recent years amid the nation’s labor shortages, hitting a record high of 98.0% in spring 2020. But the figure marked the second biggest drop of 2, 0 points in spring 2021 due to the pandemic.

The labor market for new graduates in the spring of this year had been strong, according to the Department of Labor. The job security rate among them had exceeded the previous year’s level since October.

The employment rate stood at 95.4% for new graduates in the humanities and social sciences, down 0.6 points compared to the previous year. The rate of new graduates having followed a specialization in science rose to 97.4%, up by 1.5 points.

[Copyright The Jiji Press, Ltd.]

Jiji Press