Why Youth Unemployment Is Surging In China

same here... i have a degree in accounting from one of the top schools in china... After 2 years, i still couldnt land an accounting job. I applied for 500+ positions. I only got 2 interviews. I got burned out in the end, now i just work as a waiter/server in a hotel. It's not necessarily im not competent enough, but when there r tens of thousands of qualified applicants, HR can only do so much to pick their hiring. They r not gonna look at all the applications. So u really need to have some luck in China to look for the job u want Yes i use VPN to watch youtube from china. Its common.

I think world has become very unkind to the young graduates in every part of the world. I hope this changes as it is resulting in alarmingly high levels of depression and hopelessness among young minds whom we call our future. They are not even able to afford anything and even dreaming for them has become a painful luxury.

They don't want to give jobs to young people then they wonder why these young people don't want kids 🙄 how are they supposed to feed and educate their kids if they don't have any money???

I think that gen Z around the world is tired of putting up with BS corporate jobs so far.

Are you telling me that qualified applicants that send out 200 resumes and get no job get discouraged? Im shocked. I dont imagine firms intend to hire these people even a year after they graduate so i guess their future labour pool will be cut in half.

Connections and networking is the only way to get your foot in the door these days

My nephew got his masters degree in computer science from a respected university in China, he was unemployed for more than 3 years, eventually he found a job but totally unrelated to his education and with a lower salary, the job market in China is in a pretty bad situation.

I am Chinese. The reason is now the China is unlike before, the crazy surge of wealth come from real estate and e-commerce is ended. Also most people are almost the same when they graduated. Those graduated students may not have the experience and skills that employers really need.

Being a child has always been a profession I have aspired to. I actually think I have achieved it! Being an adult sucks...

“Lying flat” is a Chinese slang term that means to take a break from work or to reject the pressure to overwork. The term “lying flat” is also known as “tang ping” in Chinese. The “lying flat” movement began in 2021. The movement calls on young workers and professionals to reject the struggle for workplace success. The movement's adherents are tired of the stress of working long hours and the pressure to keep climbing the ladder. Some see the movement as a warning of impending Japan-style stagnation. The “lying flat” movement has since morphed into the more extreme “Bai Lan” or “Let It Rot”

Imagine being highly educated and your culture puts more emphasis in hiring only the fresh graduates.

Their youth unemployment is most likely much higher than 20.8%. They count 1 hour of work per week as employment. Figures might be close to 40% Edit: Sources are WSJ, Bloomberg, Fortune and more. Don’t take my word for it. Google it yourself.

Bubbles burst and reality unmasked. What else.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful; By Warren Buffet.

I'm Chinese,and I can telling you guys that's more than that,Substantial wage arrears and worker insecurity and growing corruption and government surveillance, unemployment youth it's already like 40% ，Because the statistical method of the China Bureau of Statistics is that as long as you have money in your account, you are not considered unemployed. You are counted as a freelancer. This means that if you cannot find a job, you will not be counted as unemployed even if you get dozens of dollars begging on the Internet.

China needs to be growing 8% in jobs every year to keep up with the fresh new college graduates

I think this is a real issue in the west as well. Many of the kids graduating from university can’t find jobs. This is weighing heavily on their mental health.

The youth unemployment in China should be close to 40% because they don't include the country side young, only the cities.

There has been youth unemployment problems in China every year since I can remember. I think probably this year’s situation is not anything different from years past, but because of high visibility lay-offs from the tech sector, people paid more attention to it this year.

I don't understand why youths and adults are still poor when they have a smart phone and great opportunities on how to make money💸