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This Question can be divided into two parts 1...Status of Education and 2...Jobless Graduates . This question is basically links the Education and Employment. Every Government promotes the level of Education in the country to improve the living stander of the people with Moral Character building along with Technical Skills. The Moral Characters that enable some one to create social relations and The Technical Skills that enable a person to seek some suitable job.
Your point is basically pointing out the negligence of the Government that has been fail to promote the level of Education in real sense so far and ignorance toward the development of Industries for the sake of employment for Graduates.
According to my view Government should constitute a commission to revise its policies related to Education Stander and to development of Industry. Stepwise promotion of Education Stander and Industry is the best solution.
Its because they are blind with the eyes that can't see the condition of educated jobless people