Employment trends in the world and a reference perspective for university graduates in Vietnam in of the period before and after the COVID-19 pandemic

Abstract

The COVID-19 pandemic has caused a global economic crisis, endangering the health, jobs and income of millions of people around the world. The strict containment measures adopted by many countries to contain the increase in infections have created a significant drag on most economic and social activities. The decline in total hours worked and the decline in workforce participation are unprecedented in peacetime. There are signs that many economies around the world are in sharp and deep recession and have reached the bottom. Ensuring that the recovery is swift and sustainable and rebuilding a more resilient and inclusive labor market remain significant challenges for us. In this context, the Vietnam case study has demonstrated that unemployment rates and workers receiving wages below the minimum wage have increased, while temporary layoffs and job quality have increased, and wages fell again. The goal of this article, the authors will learn and research the following issues: Overview of the employment situation in the world during and after the COVID-19 pandemic; Reference perspective on the trend of working with university graduates in Vietnam after the COVID-19 pandemic; and some conclusions & recommendations for Vietnam related to the research issue.