Bureau of Statistics: unemployment rate of college students may continue to rise

A spokesman for the National Bureau of Statistics recently said that despite the survey’s slightly lower unemployment rate, China’s employment pressure is still high.
First, there is greater pressure on total employment.

A spokesman for the National Bureau of Statistics recently said that despite the survey’s slightly lower unemployment rate, China’s employment pressure is still high.

First, there is greater pressure on total employment.

In May, the unemployment rate in the national urban survey was 0.9 percentage points higher than the same period last year.

The second is the phenomenon of insufficient employment.

In May, about 1.2% of the employed people were in an unemployed state, which was higher than the normal level in previous years.

Third, the employment pressure of key groups such as college students is still high.

In May, the surveyed unemployment rate of college graduates aged 20-24 and above (mainly newly graduated college students) increased by 3.3 percentage points year-on-year.

The scale of college graduates reached 8.74 million this year, a record high.

As college graduates intensively enter the labor market, the unemployment rate of college students may continue to rise.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/15/bureau-of-statistics-unemployment-rate-of-college-students-may-continue-to-rise/.

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