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Japan firms eyeing bubble-level job offers for 2007 graduates+(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, April 25_(Kyodo) _ Businesses in Japan are expected to offer a total of 825,000 jobs to students graduating from universities and graduate schools in 2007, comparable with 840,000 in 1991 when the Japanese economy was at the pinnacle of the asset-inflated economic bubble, the Works Institute said Tuesday. The projected figure for 2007 spells a sharp increase of 18.1 percent from the previous year and is the second largest since the compilation of data was launched in the middle of the 1980s by Recruit Co.'s division dedicated to the research of employment and labor issues. The bright employment outlook for young people reflects Japan's economic recovery and the massive retirement of baby-boom workers starting in 2007, the institute said. Based on the projected figure, the ratio of job offers to job seekers comes to 1.89 for 2007, up from the previous year's 1.6. By sector, financial institutions plan to offer 26.7 percent more jobs for 2007, while 20.8 percent more students want to work there. As students are more inclined than before to seek employment at big companies, small and midsize businesses may find it difficult to hire the young workers necessary, the institute said. To determine job market trends in 2007, the institute surveyed 7,469 companies, with five or more workers on the payroll, in February and March on their hiring plans for students graduating in March 2007. It compiled the data based on valid replies from 4,068 companies. |