Record numbers of Chinese graduates enter worst job market in decades

ounds of arduous interviews.

A cohort of graduates larger than the entire population of Portugal is about to enter one of China's worst job markets in decades at a time when youth unemployment is already more than three times China's overall joblessness rate, at a record 18.4 per cent.

The tech sector has been a significant employer of many Chinese graduates, but this year the industry is trimming its workforce, recruiters say.to make massive job cuts. Private education, another sector which drew regulatory scrutiny, parted with tens of thousands of workers as well. The largest firm in the industry, New Oriental, has announced 60,000 layoffs.

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Analysis: Record numbers of Chinese graduates enter worst job market in decadesBEIJING : Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.But last month, the company told the students their contract offers were cancelled
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »