The number of graduates entering the job market each semester keeps on increasing as universities hold graduation ceremonies, and what this means is an increased number of unemployed people in the country. Universities are graduating more than 2000 graduates every graduation ceremony, with an estimate of more than 10,000 people entering the job market every year. In contrast, the number of jobs created every year is very limited to the extent that should worry those graduating.
Those jubilant faces of the graduates during the graduation ceremony last for a short time, as they move from being undergraduates to being unemployed citizens. Most of them will be exaggerating to get that well-paying job in that big company, and will start sending dozens of application letters and CVs to these companies, expecting to be notified for an interview any time soon. However months pass by and it dawns to them that there are no jobs.