The number of people scheduled to graduate from Chinese universities next year is expected to increase by 210,000 from this year, the largest ever, making the youth employment difficult.
China’s Central Television (CCTV) reported today that China’s Ministry of Education estimated that the number of college graduates scheduled for next year, including vocational colleges, will be 11.79 million, up 210,000 (1.8%) from the record 11.58 million this year.
The economic shock and recovery caused by the three-year spread of COVID-19 and strict quarantine controls are expected to make it more difficult for young people who are still experiencing the worst job difficulties in history to find a job as more college graduates have lost their employment capacity.
The youth unemployment rate, which was 16.7% in December last year, exceeded 20% in April and reached 21.3% in June, the highest since the 2018 survey.
The Chinese authorities have not announced the youth unemployment rate since July, which is widely interpreted as evidence that the youth unemployment problem is still unresolved.
As the employment difficulty intensifies, the number of “Tangping” (which means lying down and doing nothing) who gave up looking for a job after graduating from college or “full-time children” is increasing.
According to a survey of more than 4,000 prospective university graduates conducted by the Shanghai National Statistical Office in April, 38% of the respondents said they chose slow employment.”
Full employment is a new term that means finding a job with good conditions by seeking a start-up without getting a job immediately after graduation or improving your academic background through study, training, and studying abroad.
Among them, 6% of the applicants for a “deferred employment” were unable to get a job, leave the country, or get married during this period instead of keeping Hukou unemployed for two years after graduation.
SOPHIA KIM
US ASIA JOURNAL
