😞🎓 1 in 5 Young Chinese No Get Job, Plenny Mo’ Graduates on da Way

Da numba of young people unemployed in China stay skyrocketin’, reachin’ one record high dis week. Da pandemic 🦠🌍 wen’ cause plenny problems, and now da youth unemployment rate stay at da highest evah. Da uneven economic recovery in China stay posin’ serious challenges fo’ da job market.

One young woman, Shu Xiang, 21 years old, been searchin’ fo’ one job since February but still no get any luck. She wen’ major in financial management at one college in Chengdu, China. She wen’ send out about 100 job applications but only wen’ get five responses. Graduation stay comin’ up soon, and she stay feelin’ worried. 😰

“I no get too much confidence in findin’ one job,” she said. “Da on’y ting dat make me feel bettah is knowin’ dat I not da on’y one goin’ through dis. Most of my classmates stay facin’ da same problems.” 🤷‍♀️🤔

Shu Xiang stay one of almost 12 million Chinese people who goin’ entah da job market next month, and dis stay one tough time fo’ dem. Da government wen’ report dis week dat 20.4 percent of people between da ages of 16 and 24 who lookin’ fo’ work stay jobless in April. Dis da highest rate since China wen’ start sharin’ dis statistic back in 2018. 📊📈

Da high youth unemployment rate been one blemish on China’s economy fo’ plenny years now. Da pandemic wen’ make um worse wit’ all da health restrictions, travel limitations, small businesses goin’ under, and da damage to consumer confidence. Da government, facin’ rare public unrest as young professionals in major cities all across China protested against da “zero Covid” rules, wen’ abruptly announce in December dat dey goin’ start easin’ da policies. But da youth jobless rate still stay high, even as da overall rate wen’ tick down two months in a row. 🚧🌇

Da Chinese government wen’ introduce one set of policies fo’ boost youth employment, includin’ subsidies fo’ small and midsize businesses dat hire college graduates. State-owned enterprises stay directed fo’ create mo’ job opportunities fo’ dose jus’ startin’ out. 💼👨‍🎓

Overall, da Chinese economy stay steadyin’ itself mo’ slowly and unevenly dan plenny people wen’ expect. Otha reports released by Beijing dis week show one increase in retail sales and factory activity in April, but dem numbers wen’ make economists and investors feel uneasy. Dey wen’ expect bettah results ’cause da data was bein’ compared to April 2022, when millions of people wen’ stay locked inside durin’ one lockdown in Shanghai. Da big tech companies in China, aftah facin’ one difficult year, stay startin’ to show signs of rebound, but fo’ da most part, deir financial performances still no reach pre-pandemic levels. 📉💸🏭

One problem, analysts say, stay da mismatch between da jobs college graduates like and da jobs dat available. Many grads lookin’ fo’ jobs in technology, education, and medicine, but dose industries been growin’ slow in China fo’ da past few years. In fact, plenny industries not on’y stay stagnant, but dey wen’ suffer from devastatin’ blows. 📚💻⚕️

China wen’ crackdown on its once-vibrant education and technology industries in da past few years. Hundreds of thousands of people wen’ lose deir jobs, and companies and investors been left reel. Da increased supervision wen’ make people worried ’bout mo’ government intervention in da private sector, and dat caused companies fo’ reduce hiring. 🚫🔒💼

While da industries dat attract educated young people stay shrinkin’, da numba of college graduates stay keep increasin’. According to da Chinese Ministry of Education, 11.6 million college students stay ’bout to graduate in June, dat’s 820,000 mo’ dan last year. 🎓🎉

One odda way da Covid pandemic still causin’ problems fo’ young job seekers is dat many students spent part of college in lockdown, livin’ on campuses where deir movement stay highly restricted. Dey had fewer opportunities fo’ internships or fo’ gainin’ da social experience dat recruiters look fo’. 😷📚🏢

While China’s economy stay expected fo’ strengthen in da comin’ months, da recovery goin’ stay uncertain until consumers feel confident ’nuff again fo’ make big-ticket purchases. And wen’ dat happen, more companies goin’ start doin’ mo’ hirin’. Dong Yan, who work fo’ one Beijing organization dat hold regular job fairs, say dat da numba of companies inquirin’ ’bout booths still stay lowah dan befo’ da pandemic. 😕💰🛍️

“Peopo say da economy stay recoverin’,” Ms. Dong said. “But I feel like it stay goin’ down, ’cause plenny people stay out of work or get laid off by deir companies.” 😔📉

Dis situation stay tough fo’ da young people in China. Graduatin’ and tryin’ fo’ find one job durin’ dis time stay one challenge. Plenny hope fo’ bettah days ahead and opportunities fo’ success. But fo’ now, da job market still remain uncertain. 🙏🌟

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NOW IN ENGLISH

😞🎓 1 in 5 Young Chinese Are Unemployed, Many More Graduates on the Horizon

The number of young people without jobs in China has skyrocketed, reaching an all-time high this week. The pandemic 🦠🌍 has caused numerous problems, and now the youth unemployment rate is at its highest ever. The uneven economic recovery in China poses significant challenges for the job market.

Shu Xiang, a 21-year-old woman, has been searching for a job since February but has had no luck. She majored in financial management at a college in Chengdu, China. Despite sending out about 100 job applications, she has only received five responses. Graduation is just around the corner, and she is feeling worried. 😰

“I’m not very confident about finding a job,” she said. “The only thing that makes me feel better is knowing that I’m not the only one going through this. Most of my classmates are facing similar problems.” 🤷‍♀️🤔

Shu Xiang is one of nearly 12 million Chinese individuals expected to enter the job market next month, and it’s a challenging time for them. The government reported this week that 20.4 percent of people between the ages of 16 and 24 who are looking for work were jobless in April. This is the highest rate since China started sharing this statistic back in 2018. 📊📈

The high youth unemployment rate has been a persistent issue in China’s economy for many years. The pandemic 🦠🌍 has worsened the situation, with strict health restrictions, limited travel, small businesses going under, and a decline in consumer confidence. In December, facing rare public unrest as young professionals in major cities across China protested against the “zero Covid” rules, the government announced an abrupt easing of the policies. However, the youth unemployment rate remains high, even as the overall rate has declined for two consecutive months. 🚧🌇

The Chinese government has implemented a set of policies to boost youth employment, including subsidies for small and midsize businesses that hire college graduates. State-owned enterprises have been directed to create more job opportunities for newcomers. 💼👨‍🎓

Overall, the Chinese economy is stabilizing at a slower and more uneven pace than anticipated. Other reports released this week by Beijing show an increase in retail sales and factory activity in April, but these numbers have caused unease among economists and investors. Expectations were higher because the data was compared to April 2022 when millions of people were under lockdown in Shanghai. China’s major tech companies, after a challenging year, are beginning to show signs of recovery, but their financial performance has yet to reach pre-pandemic levels. 📉💸🏭

One of the key issues, analysts say, is a mismatch between the job preferences of college graduates and the available jobs. Many graduates are seeking employment in technology, education, and medicine, but these industries have experienced slow growth in China over the past few years. In fact, many industries have not only remained stagnant but have also suffered significant setbacks. 📚💻⚕️

China has cracked down on its once-thriving education and technology sectors in recent years, resulting in hundreds of thousands of job losses and leaving companies and investors reeling. The increased regulatory scrutiny has raised concerns about further government intervention in the private sector, leading companies to reduce their hiring. 🚫🔒💼

While the industries that attract educated young individuals are shrinking, the number of college graduates continues to rise. According to the Chinese Ministry of Education, 11.6 million college students are expected to graduate in June, an increase of 820,000 compared to last year. 🎓🎉

Another way the Covid pandemic continues to affect young job seekers is that many students spent a significant part of their college years in lockdown, residing on campuses with highly restricted movement. This limited their opportunities for internships and acquiring the social experiences that recruiters seek. 😷📚🏢

Although China’s economy is expected to strengthen in the coming months, the recovery remains uncertain until consumers regain enough confidence to make significant purchases. This, in turn, will prompt more companies to increase their hiring. Dong Yan, who works for an organization in Beijing that regularly holds job fairs, noted that the number of companies inquiring about booths is still lower than before the pandemic.

“People say the economy is recovering,” Ms. Dong said. “But I feel like it’s going downward because many people are now out of work or have been laid off by their companies.” 😔📉

This is a challenging situation for young people in China. Graduating and trying to find a job during this time is a significant challenge. There is hope for better days ahead and opportunities for success. But for now, the job market remains uncertain. 🙏🌟