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While the global economy remains in a rather lackluster phase, university graduates seeking well-paying jobs continue to be on the rise. This has not only led to fierce competition for limited vacancies around the globe, it has also somewhat added to the unemployment rate. More and more graduates are finding it hard to find decent jobs despite have remarkable credentials and respected degrees. But as university graduates increase in number, the skilled workforce around the world continues to shrink. This is partly due to rapid automation in the industrial sector and partly because no one is really opting for vocational trainings that lead to several high-paying jobs.