Japan ‘Ice Age’ Returns as Student Joblessness Soars to Record
By Aki Ito and Toru Fujioka
March 12 (Bloomberg) -- A record proportion of Japan’s college students will be graduating this month without a job offer, a government survey showed.
Some 20 percent of March 2010 university graduates were yet to find work as of Feb. 1, according to a report released by the Education and Labor Ministries in Tokyo today. That’s the largest proportion since at least 2000, when comparable data was first made available.
The job market slump is particularly troublesome for young people in Japan, where most new hires for companies from Canon Inc. to Mitsubishi Electric Corp. are fresh out of school.
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