The number of new graduates who have found jobs has fallen to 432,790, with job vacancies declining in some industries due to the spread of COVID-19.
The employment rate of Japanese university graduates fell for the second year in a row amid the pandemic, with a total of 74.2% of graduates finding jobs in March, down 3.5 percentage points on a year.
Official data shows the number of new graduates who landed jobs has fallen to 432,790, with job vacancies shrinking in some industries due to the spread of COVID-19, reports Kyodo News.
The number of students who continued their higher education instead of entering the workforce increased from around 4,000 to 68,776, or 11.8% of the total. Meanwhile, some 56,228 graduates, or 9.6%, either did not find a job or pursue higher education, registering an increase of 15,000 year-over-year.
Of the new graduates who found jobs, 411,802 landed permanent jobs, down about 16,000 year-over-year. Workers with fixed-term contracts of one year or more increased from 2,500 to 15,947.
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Many Japanese companies have stopped recruiting as the pandemic affected domestic consumption and resulted in restriction of business activities. In particular, the tourism and restaurant sectors have been hit hard as the public has been urged to stay at home to control the spread of COVID-19.