Japan's new graduates facing grim job prospects

Here at GRB we take a broad view of the job prospects for UK based graduates and that extends overseas. High calibre graduates can look to emerging economies to launch their careers but beware, the global downturn has altered the axis of the job market as we can see from this article from Japan.

A record one-third of Japanese university students graduating this spring have not found jobs, underscoring dwindling career opportunities for young people even as companies post robust profits.

The latest numbers released by the government Tuesday were so bad they prompted officials to couple the report with new measures to help jobseekers.

The reluctance of companies to hire is particularly worrisome for Japan's graduates because a person's first job out of college is a critical step that often determines a lifelong career with a single company. If you miss that step and get stuck in lower-paying part-time or contract work, full-time employment may never materialize, leading to lower wages and a lower standard of living.

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