Japan College Grad Employment Rises to 94.4 Percent

The government said Friday 94.4 percent of March college graduates were employed as of the April 1 start of the 2014 business year, up 0.5 percentage point from a year earlier and marking the third straight year of improvement.

The trend was confirmed in the survey by the Ministry of Health, Labor and Welfare and by the Ministry of Education, Culture, Sports, Science and Technology covering 112 four-year universities, two-year junior colleges, technological colleges and vocational schools across the country.

The employment rate for male university graduates stood at 93.8 percent, up 0.6 point, while that for female university graduates went up 0.5 point to 95.2 percent.

By course, the rate for those who majored in non-natural sciences, such as law and economics, came to 94.0 percent, while it stood at 96.4 percent for those who studied natural sciences.

An estimated 23,000 graduates could not find jobs despite their wishes, with the employment rate 2.5 points lower than a recent zenith witnessed in the spring of 2008, a half year before a global financial crisis broke out.

The employment rate for junior college graduates moved down 0.5 point to 94.2 percent, the rate for technological college graduates came to 100 percent for the third year in a row.

Meanwhile, the employment rate for senior high school graduates rose 0.8 point to 96.6 percent — 97.5 percent for males and 95.1 percent for females — as of March 31 this year, the education ministry said in a separate report which covered all job-seeking graduates.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza