Monday, December 11 2017

VietNamNews

More than 180,000 university graduates unemployed in Q2

Update: September, 19/2017 - 17:46
A job fair for new graduates in Hà Nội. — Photo chinhphu.vn
Viet Nam News

HÀ NỘI – The number of unemployed university graduates grew sharply in the second quarter of 2017, while the country’s unemployment rate declined slightly compared with the previous quarter, according to data of the Institute of Labour Science and Social Affairs.

In the second quarter, 183,100 holders of bachelor’s or master’s degrees couldn’t find jobs, up 44,200 compared with the previous quarter, the report said. In the meantime, as many as 1.08 million working-age Vietnamese were unemployed in the second quarter, 20,000 fewer than in the previous quarter.

The unemployment rate in the Mekong River Delta and southeastern provinces reached 2.95 per cent and 2.65 per cent, respectively. The northern midlands and mountainous region and Central Highlands, registered the lowest unemployment rate, at 0.95 and 1.05, respectively.

About 24.5 per cent of the unemployed have been out of work for more than 12 months.

Đào Quang Vinh, director of the Institute of Labour Science and Social Affairs, blamed the high unemployment rate among holders of university and higher degrees on low demand in the business sector in the second quarter. A lack of working experience also causes high unemployment among new graduates, he said. — VNS

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