Home » News » The Truth Behind China’s Soaring Unemployment and Underemployment Rates Revealed in New University Reports

The Truth Behind China’s Soaring Unemployment and Underemployment Rates Revealed in New University Reports

[New Tang Dynasty News, Beijing time, January 12, 2024]China’s economy is in recession, and it is becoming increasingly difficult to find a job. According to data released by Tsinghua University in Beijing, only 284 undergraduate students have signed for employment in 2023, accounting for only 8.8%.

The “Undergraduate Teaching Quality Report for the 2022-2023 Academic Year” recently released by the school stated that as of October 31, 2023, a total of 2,603 ​​fresh undergraduate graduates from the school continued their studies, accounting for 80.8%. Among them, 2,100 people are studying in domestic universities, accounting for 65.2%, and 503 people are studying in foreign (overseas) universities, accounting for 15.6%.

A total of 491 people are employed, accounting for 15.2%. Among them, 284 people have contracted employment, accounting for 8.8%; 207 people have flexible employment, accounting for 6.4%.

The “flexible employment” officially claimed by the Chinese Communist Party means that there is no fixed occupation and is considered to be synonymous with unemployment. The so-called “contracted employment” practices of Chinese universities have also been revealed to be full of flaws. Many universities force graduates to report false employment agreements, otherwise they will not give them diplomas.

In addition, the total number of undergraduate graduates from Tsinghua University who are further studying and employed accounts for 96.0%, indicating that the remaining 4.0% may be completely “unemployed”.

The report also said that among undergraduate graduates who signed employment contracts in 2023, 69.4% will find employment outside Beijing, and 25.0% will find employment in the central, western and northeastern regions.

This data shows that it is more difficult to find employment in first-tier cities and developed areas, and graduates have to settle for second best and look for opportunities in economically backward areas. However, the Tsinghua report attributed this situation to “the employment quality of graduates continues to improve and the employment structure becomes more reasonable.”

The “Fudan University Undergraduate Teaching Quality Report for the 2022-2023 Academic Year” recently released by Fudan University in Shanghai also stated that the number of direct employment of the school’s 2023 undergraduate graduates was 583, accounting for only 18.07%; a total of 2,278 graduates chose to pursue further studies. , accounting for 70.61%.

It is difficult for mainland undergraduate graduates to find jobs, and more and more people choose to continue to take postgraduate entrance examinations. Data released earlier by the Beijing Municipal Education Commission shows that in 2023, the number of master’s and doctoral graduates from Beijing universities is expected to be approximately 160,800, and the number of undergraduate graduates is expected to be approximately 136,100. This is the first time that the number of master’s and doctoral graduates in the city has exceeded undergraduate graduates. .

Along with the economic downturn, China’s unemployment rate continues to soar. From March to June last year, the CCP’s official unemployment rate for youth aged 16 to 24 rose from 19.7% to 21.3%, setting record highs continuously. In August, the authorities announced a moratorium on publishing youth unemployment rates.

The CCP’s statistics have been accused of being too watery. Zhang Dandan, associate professor at Peking University, published an article last year pointing out that in March last year, China’s youth unemployment rate was estimated to have reached a peak of 46.5%, far exceeding the official data of the Communist Party of China.

(Editor: Zhou Guihang)

2024-01-13 03:28:00
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