THIN PROSPECTS
Analysts blame the slowing economy crippled by COVID-19 lockdowns, as well as the large cohort entering the labour force during the graduation season in July and August, for that slim prospects facing China’s youth.
Official data will not track unemployment among rural youth, and the real jobless human population could be more than dual the official number, estimated Zhuang Bo, a good economist at study group TS Lombard.
Blue-collar employees, too, are desperate for work as growth in the manufacturing and structure sectors cools.
“The reality is more severe than what the information shows, ” mentioned Ho-fung Hung, who have specialises in China’s political economy at Johns Hopkins University.
“If the problem continues without treatment, it will easily spread social disorders. ”
At a job fair in the tech hub Shenzhen, lengthy lines of anxious parents and young graduates waited to get a chance to chat with recruiters.
But headhunters at the fair stated they were cherry-picking graduates from top universities, because only a few placements were available.
“My goal has been to work in Shenzhen, in China’s Silicon Valley, ” Luo Wen, a computer technology graduate, told AFP.
“But after more than four weeks of searching, Now i am ready to work during a smaller city, available pay. ”