The number of new graduates landing jobs fell to 432,790 as job openings dwindled in some sectors due to the spread of COVID-19.
The employment rate for Japanese university graduates fell for the second straight year amid the pandemic, with a total of 74.2% of graduates finding jobs in March, down 3.5 percentage points from one year to the next.
Official data shows the number of new graduates landing jobs fell to 432,790 as job vacancies dwindled in some sectors due to the spread of COVID-19, reports Kyodo News.
The number of students who went on to higher education instead of entering the labor market rose by around 4,000 to 68,776, or 11.8% of the total. Meanwhile, some 56,228 graduates, or 9.6%, did not find jobs or pursue higher education, registering a year-on-year increase of 15,000.
Of recent graduates who found jobs, 411,802 landed permanent jobs, down about 16,000 year-over-year. The number of workers on fixed-term contracts of one year or more increased by 2,500 to 15,947.
READ: Japanese PM urges companies to raise wages next year
Many Japanese companies have halted new hires as the pandemic has affected domestic consumption and led to restricted business activities. In particular, the tourism and catering sectors have been hit hard as the public has been advised to stay at home to control the spread of COVID-19.