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Thread: Degree no job guarantee in China

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[quote=LEONARDO,271108]Until the start of this decade, a college degree in China put you in elite circles. The government arranged jobs for graduates in public agencies or state-owned enterprises. Unemployment wasn't an issue.

But of the nearly 5 million young people who graduated in June, about 1.45 million were still unemployed in the fall, according to a study published last month by the Chinese Academy of Social Sciences. Researchers estimated that by year-end, about 75% of the recent graduates had found jobs.

China's graduate employment rate compares favorably with countries such as Japan, where 68% got jobs by the end of the year. No such comprehensive statistic exists for the United States. But Yang Dongping, a Beijing scholar who wrote the academy's report, cautioned that many schools in China were known to exaggerate placement figures. Whatever the true numbers, Yang said, "Without doubt, it's harder and harder for graduates to find jobs."

That is evident in Wuhan, a city of about 10 million on the Yangtze River. Based on employment contracts and school certificates, officials said, the employment rate for university graduates in this city by year-end fell from 83% in 2003 to 73% in 2006. Their average monthly take-home pay is $200 to $240 -- compared with about $160 for all Wuhan residents.

In part, the falling hiring rates reflect booming enrollment at Chinese universities and the opening of new schools, many of them second-rate. About 5.6 million Chinese are expected to graduate from two- and four-year colleges this year, five times the number in 2001.

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