The higher the education, the more unemployment
According to Deputy Minister of Labor, Invalids and Social Affairs Doan Mau Diep, employment data for the third quarter of 2015 shows that the higher the degree, the more unemployed workers are.
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| A job counseling and introduction session |
On the afternoon of December 24, the Ministry of Labor, Invalids and Social Affairs announced the Labor Market Update for the third quarter of 2015. Accordingly, in the quarter, there were more than 1.1 million unemployed people of working age nationwide. Of these, more than 483 thousand unemployed people had technical expertise.
In particular, among the skilled workers, those with a university degree or higher are the most unemployed, with 225,500 people (accounting for 20%, an increase of 26,100 people compared to the previous quarter). The next highest are those with a professional college degree, with 117,300 unemployed people (accounting for 10.4%, an increase of 24,100 people compared to the previous quarter). Meanwhile, the group of workers with vocational training under 3 months, intermediate and college vocational training are the least unemployed.
Deputy Minister Doan Mau Diep commented: "The higher the education level, the more unemployment there is, so it is not wrong to say that we still value degrees. This needs to be warned."
Associate Professor Dr. Nguyen Thi Lan Huong, Director of the Institute of Labor Science and Social Affairs (Ministry of Labor, Invalids and Social Affairs) said: The supply of highly qualified workers is in excess of demand, especially in fields that many people like to study such as finance and accounting. Meanwhile, there is a shortage of trained workers, especially mid-level workers in engineering, electricity, electronics and construction.
“When I met with leaders of vocational schools, they all said that students do not like to study engineering, electricity, and electronics, so there are no students to train. We must better adjust the training stream,” said Dr. Huong.
In addition, according to Dr. Huong, the fact that universities lower scores to "pick up" candidates causes a shortage of input for vocational schools, so it needs to change.
Associate Professor Dr. Nguyen Thi Lan Huong said that in the third quarter, the figures on job creation and wages both increased quite well thanks to the economic recovery (especially in labor-intensive industries such as industry, construction and services). "This year, businesses will have resources to better resolve salaries and bonuses for employees. At the same time, after Tet, the rate of job abandonment will likely be lower than in previous years," Dr. Huong said.
In the third quarter of 2015, the country created more than 637 thousand new jobs, raising the number of employed people nationwide to more than 53 million, with a monthly salary of about 4.61 million VND. Workers in the state sector continued to lead in income, with an average of 6.16 million VND/month; the lowest income belonged to workers in the cooperative sector, only 2.98 million VND/month.
According to Tienphong
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