Part 3/4:
Factors contributing to this decline include government austerity measures and changes in taxation, which have hampered hiring initiatives. Moreover, organizations are increasingly seeking candidates with prior experience, leaving younger job seekers at a significant disadvantage in an uncertain economic environment.
As the job market becomes increasingly bleak for young individuals, many seem to be losing hope. The so-called "resting population"—a term referring to those not actively seeking employment—has escalated to 421,000 last year, marking an increase of 21,000 from the previous year. This number represents the highest figure in recent years, excluding the peak seen during the COVID-19 pandemic.