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ALMOST 30% OF CHINA'S UNIVERSITY GRADUATES YET TO FIND WORK.
BEIJING, Nov 1 Asia Pulse - Almost 30 per cent of this year's university graduates had failed to find a job by the end of September, a spokesman for the Chinese Ministry of Education said Wednesday.
Five million students graduated this year, but 1.44 million of them are still unemployed, Wang Xuming said.
The number of unemployed graduates has been increasing year by year, according to ministry statistics. In 2001, there were 340,000, and last year there were 1.24 million.
For those who have found a job, 40.7 per cent work for private or foreign-funded companies, while 0.4 per cent had set up their own companies.
"Many university leavers have chosen to work at grassroots level because of government policies such as waiving the debts of graduates willing to work in the country's rural and western regions," Wang said.
Some 580,000 of last year's graduates found county or village-level jobs, and more than 550,000 secured work in central and western regions.
In the past, few graduates would have welcomed such work.
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Source: HighBeam Research, ALMOST 30% OF CHINA'S UNIVERSITY GRADUATES YET TO FIND WORK.