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 http://www.karenmillenirelands.com/ - karen millen dresses  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. Depriving people http://www.karenmillenirelands.com/ - http://www.karenmillenirelands.com  of skilled jobs will make it difficult to sustain growth and pay off the world’s largest debt with an already dwindling workforce, according to Organization for Economic Cooperation and Development Economist Randall Jones.

“The youth to me are especially a concern because they have 40 years of a healthy, productive working life ahead of them,” said Jones, head of the Japan desk at the Paris-based OECD. “If non-regular http://www.nikeairrmax.de/ - nike air max 90  workers aren’t getting training and just jumping from job to job without accumulating much human capital, it’s bad for them and it’s bad for the economy as well, as it would tend to slow productivity gains.”

The survey indicates that some 81,000 people will be out of work when they graduate this month.College students typically begin the job search as third- years and receive offers as early as a http://www.karenmillenirelands.com/ - karen millen sale  year before graduation. The Japanese academic year ends in March and recruits begin work in April.