Job Opening Ratio for New Graduates Posts 1st Fall in 8 Yrs

Economy

Tokyo, April 24 (Jiji Press)--The ratio of job openings to seekers for university and graduate school students graduating in March 2020 in Japan marked a fall for the first time in eight years, Recruit Works Institute said Wednesday.

The ratio slid 0.05 point from a year before to 1.83. The figure, though still high, dropped because small companies, especially in the transport and construction industries, increased hiring of midcareer workers due to difficulty securing new graduates.

Companies with less than 300 workers had 8.62 job openings per new graduate, down from 9.91 the previous year. The ratio fell to 1.22 from 1.43 at companies with 300 to 999 workers.

Among the smaller companies, the share of those hiring more employees with work experience is increasing year by year.

The transport services and construction industries logged opening-to-seeker ratios of 11.04 and 6.21, respectively. Though the ratios dropped from 12.57 and 9.55, the two industries are still struggling to hire workers.

[Copyright The Jiji Press, Ltd.]

Jiji Press