Thu, Jan 22, 2009 - Page 11 News List

Survey paints gloomy picture for new graduates


New graduates are likely to find it increasingly more difficult to land a job this year, as only 25 percent of the nation’s businesses that have recruitment plans for this year said they would definitely hire students straight out of school, a survey showed yesterday.

The survey, conducted by online human resource agency 104 Job Bank, showed that 58.4 percent of the polled companies said they might hire graduates, but ­experienced workers would have a better chance of getting hired.

Meanwhile, 16.4 percent of businesses were determined not to hire graduates, the survey showed.

Most of the businesses that said they would definitely hire graduates are in the finance, insurance, law, accounting, medical, construction, real estate and retail industries, the survey showed.

The unemployment rate among Taiwan’s youth aged between 15 and 29 reached an average of 8.25 percent in the first 11 months of last year, according to the latest data from the Directorate-General of Budget, Accounting and Statistics.

The figure climbed to 9.33 percent for the nation’s youth with a college degree or higher, compared with the average jobless rate of 4.06 percent for the entire population over the same period, the government data showed.

The government attributed the particularly acute unemployment problem among the nation’s educated youth to an oversupply of college graduates in the job market, where demand is declining, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing Chen Jin-cheng (陳金城), director of the Council of Labor Affairs’ statistics department.

The number of college graduates jumped 2.3 times to 230,000 last year from 70,000 in 1996, the paper said.

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