School Information System
Newsletter Sign Up |

Subscribe to this site via RSS: | Newsletter signup | Send us your ideas

April 29, 2009

China Faces a Grad Glut After Boom at Colleges

Ian Johnson:

Zhang Weidong has been making the rounds at this city's weekend talent fair for more than a month now and can't understand why he hasn't landed a job.

"These companies are looking for employees, and I have a degree," says the 22-year-old computer major, clutching a plastic organizer stuffed with résumés, business cards and company information. "I don't know what I'm doing wrong."

Unemployed university graduates used to be rare in China. But now their ranks are ballooning to critical levels just as the country suffers its worst economic slump in two decades. Up to one-third of last year's 5.6 million university graduates are still looking for work, and this year will see another 6.1 million hit the labor market. Finding jobs for graduates is suddenly a national priority: Earlier this month, the central government ordered local governments and state enterprises to hire more graduates to maintain China's "general stability."

Posted by Jim Zellmer at April 29, 2009 1:01 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas