The proportion of young people remaining unemployed long after graduation is the highest since 2009
The youth unemployment rate of 48.6% is the highest ever; let's examine the reality and causes of delayed employment. Take a look at everything from leaves of absence to the preference for experienced workers at a glance, and see the latest labor market trends.
In a survey released by the National Data Agency on the 23rd, the proportion of young people who were unable to find a job for more than a year after graduation came to 48.6%, marking the highest level since 2009.
This survey examined the job search preparation and labor market entry process of young people aged 15 to 34, and the proportion of longterm unemployment lasting three years or more also set a new alltime high. Among unemployed young people, activities were heavily concentrated in vocational training, preparation for employment exams, and simply waiting, while the proportion preparing for civil service exams also increased again after one year.
In addition, the average time taken to graduate from college was 4 years and 5.7 months, the longest since statistics began to be compiled. The Data Agency explained that increases in leaveofabsence periods for job preparation and qualification exams, preference for experienced hires, and the expansion of ongoing recruitment have influenced the delay in employment among young people.