A record 6.99 million students – an increase of 190,000 compared to last year – will graduate from China’s higher education institutions this year. But graduate unemployment, a scourge in recent years, shows no sign of easing for the class of 2013.
Local media in a number of Chinese regions have been declaring 2013 as the toughest year ‘in recent memory’ for new graduates looking for their first job, with even the country’s top leaders voicing concerns.
Already official media is reporting that job vacancies for graduates in Beijing are at 98,000, a year-on-year decrease of 14%, with officials linking the drop to a slowdown in economic growth.
This month Chinese President Xi Jinping said in official statements that employment would be a top priority, at a time when economic growth has eased from double digit figures to around 7.7% in the first quarter of this year, the slowest annual rate for over a decade. The manufacturing sector also declined slightly this year.
Chosen excerpts by Job Market Monitor
China’s central government on Wednesday outlined measures to help college graduates in their job hunts amid a grave employment situation this year. According to a statement released after a State Council meeting presided over by Premier Li Keqiang, about 6.99 million college students will graduate this year, adding pressure to the employment situation. The meeting … Continue reading»
The employment rate for graduates from polytechnics or vocational schools is more than 95 percent, higher than that for their college counterparts, according to a report by the Ministry of Education on middle-level vocational education. The message is such schools provide the right people with the right skills for enterprises and they meet the needs … Continue reading »
As the Spring Festival is coming to an end, graduate students may find it harder to get a desirable job than usual, as a recent survey shows that only 29 percent of students with master’s degrees have secured jobs, down from last year. A survey conducted from December last year to January 2013 by My … Continue reading »
The Chinese government today said it has created 12.02 million new jobs in the first 11 months of this year surpassing the goal of 9 million. The urban registered unemployment rate stood at 4.1 per cent at the end of September, below the annual target of 4.6 per cent, the Ministry of Human Resources and … Continue reading »
The China Data Center at Tsinghua University recently published a study revealing that new graduates who happen to be the children of Communist Party officials have a substantial advantage compared to their classmates. Starting salaries for these lucky few are nearly 15 percent higher than those of their peers who have no filial government connections. … Continue reading »