Fresh graduates around the world stare at a bleak future amid pandemic

The present time is the worst time to enter the job market. The global economy is in recession, companies are battling financial stress and risk of bankruptcy.

And young graduates are staring at an uncertain future, they are being called the generation of covid-19.

Scroll through your feed on LinkedIn and, you will find scores of fresh graduates appealing for help.

Many of them attended the best colleges in the world but as mass lay-offs continue no new jobs are being created.

In India alone, around 10-12 million graduates enter the workforce each year. In China eight million graduates and the US over four million. In France, about 800,000 youngsters are seeking jobs. 

Many of them won't get a campus placement which means- no starting income, no work experience, and no way to repay the student loan at least in the short term.

France was already one of the worst places in Europe to be a young job-seeker. The labour market is rigid with few long-term job contracts.

Today even finding an apprenticeship is tough before the pandemic France’s unemployment rate for youth stood at 20 per cent. The fourth highest in Europe after Greece, Spain and Italy.

President Emmanuel Macron has pushed through reforms to liberalize France’s highly regulated job market he has even tried to incentivize the hiring of apprentices and, there is the hope of hiring as companies reopen in September.

But economists believe that may not happen with the private sector expected to keep hiring low for several years governments may have to provide jobs for young graduates for months since the virus outbreak the fresh graduates had been confined to their dorms each day they looked up job opportunities with lockdown restrictions easing across the world and, the college term coming to an end students without a job may begin to queue up at unemployment centres.

Young people with higher levels of education are more likely to feel resentful and depressed.