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Tightest job market ever for China's college grads

Wednesday - 5/29/2013, 8:38am  ET

In this photo taken on May 26, 2013, Chinese job seekers visit a job fair in southwest China's Chongqing Municipality. While the job market in China is still much better than in many other parts of the world, 2013 is being billed locally as the worst for young graduates. A record number of them _ about 7 million _ are leaving universities and graduate schools to seek their first employment at a time when companies are hiring fewer people. (AP Photo) CHINA OUT

DIDI TANG
Associated Press

BEIJING (AP) -- Chemistry student Jiang Wenying graduated three years ago and decided the job market was so tough she might as well go back to school for a graduate degree. Now she's finding it even worse, in what looks to be China's tightest market ever for job-seeking graduates.

Jiang says she has sent out more than 1,000 job applications, netting no more than 10 interviews and not a single job offer.

Jiang, who received her graduate degree in chemical industry from the Harbin University of Science and Technology this year, recently traveled to Beijing to try her luck at a university campus job fair, but found no firm prospects there either.

"The job market has been getting worse by the year," said the young woman, who looked dejected as she slouched against a column at the end of the job fair. She spoke just loud enough to be audible above the din of workers dismantling booths.

"There are far more chemical industry students than needed," she said.

While the job market in China is still much better than in many other parts of the world, 2013 is being billed locally as the worst for young graduates. A record number of them -- about 7 million -- are leaving universities and graduate schools to seek their first employment at a time when companies are hiring fewer people. Women appear to be faring worse than men.

The stunning economic growth of the past dozen years is slowing, and gone are the days when graduates were assigned jobs in their respective industries -- a system dismantled in the 1990s in China's fast-changing economy.

The issue is politically sensitive because China's urban, educated class has become outspoken about government shortcomings in dealing with ills ranging from endemic corruption to polluted air, and the tight job market could leave many among them disgruntled after more than a decade of economic expansion and rising expectations.

This year's biggest-ever graduating class is the fruit of many years of government policy to boost enrollment, but the number of jobs for new hires has declined about 15 percent compared with the previous year, said Yang Xiong, director of the Youth Research Center in Shanghai Academy of Social Sciences.

"With those two factors, you end up with the toughest job market this year," Yang said. "The global economy is not faring well, and China is part of the globalization. With closure of many export-oriented businesses and appreciation of the Chinese currency, employers have to slash on personnel."

Preliminary data reported in state media show about a third of the 2013 class had signed employment contracts by May, compared to more than 40 percent a year ago. The number of students applying for graduate schools has reached a new high of 1.76 million.

The notion that education provides the promise of success has ancient, Confucian roots in China. It continues today, perhaps even more so because of family planning policies that often put the burden of a family's future on a single child.

The country's policy-makers -- aware that a lack of jobs for the young and educated could be seen as a failure to uphold the social contract -- have been urging that every measure be taken to help newly minted graduates gain employment, including creating more community-level jobs, reducing paperwork, recruiting for the military and promoting entrepreneurship.

"The employment of the graduating class affects economic development, improvement to living standards, and social stability," said a central government document issued in mid-May when the issue was on the agenda of a state council meeting presided by Premier Li Keqiang.

Education Ministry spokeswoman Xu Mei told state media that the ministry and local education bureaus would offer more job fairs and online job-seeking services. "All sides are making efforts to ensure the employment rate of this year's class won't get lower," she said. AP's request for an interview with a ministry official on the issue was not immediately answered.

Some job seekers are lowering their expectations. Wang Yuan, an industrial design major at southern China's Hunan Industrial University, thought a design job would be waiting for her after graduation. But nothing has become of the two dozen job applications she has sent out since last fall.

"They were like stones sinking into the sea," said Wang, 23.

She has since changed her tack. "Any job will do, and choosiness will have to come later," she said.

Lynn Lee, a 21-year-old law undergraduate student at Huaiyin Normal College in Jiangsu province, tried to find work in legal affairs, media, sales and executive assistance before finally landing a job as a bank teller near her hometown. Her job search included nearly 100 applications and several out-of-town trips.

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