• Kyodo News

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The employment rate for students expected to graduate from universities next spring stood at 62.5 percent nationwide as of Oct. 1, down a sharp 7.4 percentage points from a year earlier, a government survey showed Thursday.

The figure is the third-lowest ever, ahead of 60.2 percent in logged 2003 and 61.3 percent in 2004, and reflects the economic slowdown, according to the survey conducted by the ministries of education and labor.

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