China making youth unemployment a 'top priority'

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China News

China Economy,Youth Unemployment

SHANGHAI: At a job fair for soon-to-be graduates in central Shanghai, recruiters sat bored under washed-out tarpaulins as rain and an apparent lack of interest kept potential young employees away.

"It's difficult to find a job that matches your degree and aspirations," a young jobseeker told AFP.

Youth unemployment stood at 14.7 per cent in April, official data showed - and in June, another 11.8 million students will graduate from university, adding to the bottleneck. "It's difficult to find a job that matches your degree and aspirations," one of the few young jobseekers at the fair, a data sciences student, told AFP.

"While details in Xi's comments are vague, it's clear a policy shift is underway," said Harry Murphy Cruise of Moody's Analytics.In the remarks published Monday, Xi said young people should be encouraged"to find jobs or start businesses in key fields industries". With job opportunities drying up for those holding sociology, journalism and law degrees, she said, some kind of"government-sponsored earn-as-you-learn training programmes" might be needed to fill more in-demand roles.

"Even those who are already in jobs may not be able to keep them, so it may be more difficult for new people to get in.""The economic situation is quite sluggish, many companies have gone bankrupt, and many jobs have been reduced," Wang told AFP.

 

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