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Unemployment During the Recent COVID-19 Pandemic: Exploring the Perspective of Fresh Graduates from a Developing Nation

Author

Listed:
  • Momen Md. Abdul
  • Naher Nazmun
  • Nowrin Nafisa

    (East West University, Dhaka, Bangladesh)

  • Shahriar Shamsul Huq Bin

    (American & Efird Bangladesh Ltd., Dhaka, Bangladesh)

Abstract

The recent COVID-19 pandemic has accelerated the radical changes in economics, labour market and business models globally. The job market is no exception. This study aims to find out what factors affect job opportunities for recent graduates during a pandemic. It is a quantitative study in which 200 recent graduates were randomly chosen. Factor analysis, both exploratory and confirmatory, was used. The study tests the hypothesis and confirms the contributing factors to the unemployment problem by conducting a path analysis using structural equation modelling (SEM). It is hard for recent graduates to get jobs because of economic and personal reasons during this pandemic. On the other hand, the study does not think that social issues play a significant role. The study will aid similar groups in comprehending the phenomena and devising strategies to overcome their causes. A future study could compare the underlying issues in various countries. This paper, among the very few studies, will assist the stakeholders in comprehending the job market in a developing country during the ongoing COVID-19 pandemic, particularly from the perspective of a recent graduate.

Suggested Citation

  • Momen Md. Abdul & Naher Nazmun & Nowrin Nafisa & Shahriar Shamsul Huq Bin, 2022. "Unemployment During the Recent COVID-19 Pandemic: Exploring the Perspective of Fresh Graduates from a Developing Nation," Economics and Business, Sciendo, vol. 36(1), pages 105-119, January.
    • Handle: RePEc:vrs:ecobus:v:36:y:2022:i:1:p:105-119:n:4
    DOI: 10.2478/eb-2022-0007
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    References listed on IDEAS

    as
    1. Mamta B Chowdhury & Minakshi Chakraborty, 2021. "The Impact of COVID-19 on the Migrant Workers and Remittances Flow to Bangladesh," South Asian Survey, , vol. 28(1), pages 38-56, March.
    2. Md. Abdul Momen & Shamsul Huq Bin Shahriar & Md. Kamrul Hassan & Seyama Sultana, 2020. "Determinants of Using Social Networking Sites Toward Entrepreneurial Success: Experience from a Developing Nation," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 191-200, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    COVID-19; economic crisis; fresh graduate; personal stress; social factors; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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