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The job search goes on
China’s young want to work.
For the government Youth unemployment is now shockingly high

CHINA IS A land of remarkable statistics. But an official figure published on May 16th still managed to stand out. The unemployment rate among China’s urban youth, aged between 16 and 24, exceeded one in five in April.

The figure boggles the mind(让人难以置信) for a variety of reasons. China is running short of young people. It is trying, without much success, to raise the birth rate. Its economic future hangs on(取决于) increased education, which could improve the quality of its workers even as their quantity declines. China is also famous for mobilising resources, including manpower. Yet it is wasting large numbers of the best-educated cohort(人才) it has ever produced.

Youth unemployment is puzzling, as well as surprising. It has increased even as China’s economy has reopened after the sudden end of its zero-covid regime in December. It has jumped up(大幅上升) while the overall unemployment rate has edged(小幅下降) downwards (from 6.1% in April 2022 to 5.2% a year later). And it is likely to rise further in the next few months. This year, a record 11.6m students will graduate from university, an increase of almost 40% since 2019. They include Wang Lili, who will leave one of China’s top-100 universities this year with a degree in management. “The market is terrible,” she laments. “Many graduates are very anxious.”

The number of unemployed youth (about 6.3m in the first three months of this year) is small relative to China’s 486m-strong(逾) urban workforce. But they attract most of the attention, points out(指出) Xiangrong Yu of Citigroup, a bank, and his colleagues. The anxiety and disappointment felt by college students—and spread through social media—could “affect the confidence of the entire society”, write Zhuo Xian and his co-authors at the Development Research Centre (DRC), a government think-tank(智库).

Although the problem has outlasted(still exists even after) the pandemic, it is partly caused by it. When covid struck, many Chinese chose to extend their studies. In 2020, for example, the Ministry of Education told universities to increase the number of Master’s students by over 20%. That has created a bulge of(激增) newly minted(新出现的/刚刚产生的) graduates entering the labour force in subsequent years.

China’s reopening may have tempted many of those who had dropped out of the job market to re-engage before firms were ready to hire them. The bottleneck has been aggravated(加剧) by mismatches in timing, skills and aspirations. Some graduates delayed their job hunt last year to prepare for entrance exams for higher degrees or the civil service. But employers last year wanted to fill their ranks(填补员工队伍) early because of fears of a winter covid wave. So later job-seekers missed the best recruitment months and many are now competing for the same jobs as students leaving university in 2023.
(因此,后来的(而不是后来)求职者错过了最好的招聘月份,许多人现在都在竞争与2023年大学毕业生相同的工作。)


Some of them boast(拥有/具备) qualifications that are out of sync with the new demands of the economy. Platforms like Alibaba, property firms(房地产公司) like Evergrande(grandeur 壮丽,雄伟), and online tutors(在线教育) like New Oriental were once dream employers for graduates. But in the time it takes to earn a bachelor’s degree, they have lost favour with the government.

China’s leaders now fear what they call the “disorderly expansion of capital”(资本无序扩张) in sectors(领域) like property and education, as well as the market power and cultural reach(文化影响力) of tech firms. Recruitment has therefore slowed. Only 5.5% of students graduating this year expect to go into the education and training industries, according to a survey by Zhaopin, a recruitment portal.

Some graduates now adopt a “spray and pray”(盲投) approach, as Ms Wang (not her real name) puts it, submitting applications willy-nilly. The government is keen to steer talent into “hard tech” industries, such as aerospace, biotechnology and electric vehicles. They are promoted in the latest five-year plan and have grown faster than industry as a whole, says Louise Loo of Oxford Economics, a consultancy. Employment may follow. According to the recent Zhaopin survey, 57% of engineers graduating this year had already received a job offer, compared with only 41% of their counterparts(相对应的/相似的,此处指毕业生) in the humanities(人文学科).

One of the oddities(奇怪现象) of China’s labour market is that less-educated youth are less likely to be unemployed. Youngsters with vocational qualifications(职业资格证书) or just a high-school education may have more practical skills and a more burning need(迫切的需求) for a job. “Everyone says a degree is a stepping stone,”(open sesame 敲门砖) said one hapless(倒霉的) graduate in an online comment translated by China Digital Times, a media-monitoring website, “but I’m slowly coming to realise it’s more like a pedestal I can’t get down from.”

Students’ aspirations may be changing. The proportion choosing to continue their studies (at home or abroad) fell by almost half in this year’s Zhaopin survey. Students are also keen on stability and security. The share who rank(~ as first choice:将..作为首选) state-owned enterprises(国有企业) (SOEs) as their first choice has increased for three years in a row(连续) to 47%, compared with 27% who favour a foreign-financed or domestic private firm(国内民营企业). The remaining quarter wish to work for the government or public institutions.

The government’s response to record youth unemployment may reinforce(加强) these trends. The State Council(国务院), China’s cabinet(内阁), has urged local governments to recruit as many graduates as their budgets allow. It has also called on enterprises to create at least 1m internships for unemployed youth, in return for(以换取) subsidies(补贴) and tax breaks(税收减免). The offer is open to all firms, but SOEs are most likely to heed the call(听指令,heed the call of duty). These initiatives(举措) risk drawing some of China’s better-educated minds into some of the least efficient parts of its economy.

But for young folk, stop-gap(权宜之计,临时解决方案) measures do at least alleviate(减轻) some of the worry and confusion. Ms Wang, for example, has combined her studies over the past two years with an internship at a foreign firm. That gave her “something to do every day”, she says, and also led to a satisfying job
offer—in human resources. With luck, she will enjoy a long career helping China use those resources better. ■



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