The unemployment rate of urban youth is alarming.

According to the latest Vietnam Labor Market Update Bulletin of the Ministry of Labor, War Invalids and Social Affairs, in the fourth quarter of 2015, the unemployment rate decreased slightly compared to the third quarter but still increased compared to the same period in 2014. The group with professional college degrees ranked highest at 8.16%, followed by vocational college at 3.44%.

Many workers with university and college degrees come to find jobs at the Nghe An Provincial Job Exchange.

The unemployment rate among young people is 7.21%, 3.3 times higher than the general rate. Of which, urban youth is 12.21%. Notably, the unemployment rate among young people aged 20-24 with technical qualifications is very high: 19.58% for college graduates and 20.79% for university graduates and above.

According to the Director of the Institute of Labor and Social Sciences Nguyen Thi Lan Huong, the risk of unemployment among young workers is alarming. This also shows the important role of education and training as well as the work of transferring labor from school to the working environment is very important.

Also in the above market, the wholesale and retail trade and repair of automobiles, motorcycles, motorbikes and other motor vehicles had the largest increase in labor compared to the third quarter, an increase of 173,000 people. In addition, education and training; processing and manufacturing industries; and arts, entertainment and recreation have also attracted strong labor and jobs recently.

According to tintuc.vn