Nearly 200,000 bachelors and masters are unemployed

Unemployment among people with college degrees increased by over 7.9%; unemployment among people with university degrees or higher increased by nearly 4.9%.

According to the latest Labor Market Update Bulletin of the Ministry of Labor, War Invalids and Social Affairs, there are currently more than 1.1 million people of working age nationwide who are unemployed, of which the group of people with college or university degrees or higher still has the highest unemployment rate and is on the rise.

Graduates looking for jobs

Specifically, unemployment among college graduates increased by nearly 8%; unemployment among college graduates increased by over 7.9%; unemployment among university graduates and above increased by nearly 4.9%, while the unemployment rate among those without a degree was only about 2%. Along with that, nearly 200,000 bachelors and masters in fields such as: Business Administration, Marketing, Information Technology, Securities, Banking, Electricity... spent 4 years studying at university, 2 years studying for a master's degree, graduating with numerous good and excellent degrees, but most of them are unemployed.

According to another statistic, out of 10 university graduates, 6 lack skills and English; out of 10 bachelors, 4 lack professional knowledge. Therefore, out of 10 recruiting businesses, 6 are not satisfied with the quality of training at college, university and postgraduate levels.

Deputy Minister of Labor, War Invalids and Social Affairs Doan Mau Diep said: The knowledge and skills that we are currently training in facilities still have a large gap compared to the knowledge and skills that employers are demanding. Therefore, the problem is that the education and training systems need to be more closely linked with businesses and labor market management agencies to narrow the gap between the knowledge and skills acquired in schools and the knowledge and skills that the labor market requires.

Development partners and businesses have advised that perhaps we should also develop industry skill standards, looking at each industry's standards of knowledge, skills, attitudes and discipline when employing workers. In this way, our training programs should be designed to be suitable to meet all the requirements that employers demand./.

According to VOV