China Graduates Jobless

Covid19 Crisis lead to Economic Crisis which further lead to spike in unemployment. Many nation face city protesters as economy in dire straits Lebanon Venezuela Syria Zimbabwe Pakistan Iraq Paris Bulgaria etc.

China fresh graduates and other young Chinese hoping to find work in an economy crushed by the coronavirus pandemic.

Job seeker takes snap of Job fair in China career fair in Zhengzhou, China´s Henan province.

China nine million people graduating and entering the job market this year at a time of great uncertainty, an issue that has the ruling Communist Party worried to the point that President Xi Jinping has made it a priority.

The world´s second-largest economy may have rebounded sharply from a historic virus-induced contraction, but its young graduate jobless rate in June was more than three times that for urban unemployment.

One finds hundreds of young faces streaming in and out of the job fair on a recent weekend in Zhengzhou, where employers in industries ranging from real estate to manufacturing were recruiting.

Like many others, the aspiring teacher is “at a loss” and wondering if she should settle for any job or hold off work for further education.

“I have applied to seven or eight private schools, but only one has called me back for an interview,” she told AFP at the fair.

“I’ve studied for so many years and don´t want my family to pay for further training,” she said.

“I’m especially worried about my finances.”

Aware of the risk that mass unemployment can spark political unrest jeopardising the party´s pledge of prosperity in return for unquestioned political power, the government has been making efforts to boost graduate employment via state-owned enterprises (SOEs).

But poorer opportunities this year are pushing some into further studies, less ideal jobs or other options.

Published by Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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