Over the last 10 years, the employment rate of young males (aged 15?29)has dropped by 6.4%p from 44.8% (2003)to 38.4% (2013), while the employment rate of young females has fallen by 1.6%p from 43.3% (2003)to 41.7% (2013).
Looking at employment rates for graduates and those in school, the rates have remained steady during the analysis period, at about70% and about 15%, respectively. However, the increase in the number of students as a result of academic inflation has resulted in a decline in the overall employment rate of young people.
The employment rate of males and females aged between 20and 24 with a high school diploma has dropped by 10%p over the last 10 years, as did the employment rate of 25 to 29-year-old males with a high school diploma and that of four-year college graduates.
The employment rate of25to29-year-old females has increased by 10.6%p from 58.2% (2003) to 68.8% (2013) and the increase is attributed to the trend of late marriages and the increased employment rate of married women.
In order to enhance the employment rate of young people with a high school level of education, it is necessary to expand employment opportunities for high school graduates, strengthen vocational training, provide employment services, and strengthen career guidance in high schools.