Graduates at job fair
Finding a jobs for college graduates is a hard task for the 6.1 million June graduates after the country began to feel the effects of the global financial crisis in late 2008.
Compounding the problem is around 1.5 million graduates who failed to find jobs last year, a half million increase from 2007, according to data from the Ministry of Human Resources and Social Security (MHRSS).
In 2002, the college enrollment rate reached 15%. It rose to 19% in 2005. With 23 million students going to college, China had the highest enrollment rate in the world at the time.
Zhou Haiwang, deputy director with Population and Development Studies of Shanghai Academy of Social Sciences, said, ‘The grand college enrollment plan is one of the main reasons for the current unemployment issue.
‘Although the number of jobs increased in recent years as China’s economy boomed, too many graduates coming out at one time created a great pressure for the job market.’
Source: China Daily
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