Unemployment among graduates rises in Q3

December 28, 20151:20 pm364 views

The unemployment rate in Viet Nam fell in the third quarter of 2015, but unemployment rate among youths and graduates has risen compared to the second quarter.

This was announced at a conference on Viet Nam’s labour market updates in the third quarter of 2015, held by the labour, invalids and social affairs ministry yesterday in Ha Noi.

There were about 1,128,700 working- age unemployed persons in the third quarter nationwide, nearly 16,000 less compared with the previous quarter. The unemployment rate in the third quarter was equivalent to 2.35 per cent of the total working-age population, while it was 2.42 per cent in the second quarter.

Meanwhile, the unemployment rate among youths (15 to 24 years old) increased from 6.8 percent to 7.3 per cent in the third quarter, three times more than the overall unemployment rate of 2.35 per cent.

The number of unemployed graduates was 342,800 nationwide, an increase of 50,200 people compared with the second quarter. 

“Given that Q3 was the time when students graduated, the numbers seem to make sense. The numbers also show the competitiveness of the labour market when graduates fail to adapt to find jobs,” head of Social and Labour Science Institute Nguyen Thi Lan Huong said.

While higher education has high value, the unemployment rate in this group is increasing. It was necessary that training programmes should be adapted in accordance with the demands of the labour market, Deputy Minister of Labour, Invalids and Social Affairs (MOLISA) Doan Mau Diep said.

“More attention should be given to vocational training and it is necessary to develop the labour force needed for the construction and industry sector, which is developing fast,” a representative of the institute said.

MOLISA forecasts that employment will rise for sales positions, credit consultants and customer service employees towards the end of the year.


news source & image credits: vietnamnews.vn

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