China is launching an annual recruitment of college graduates in large and midsize cities. Authorities try to ramp up efforts to meet a more ambitious job creation target this year. The Ministry of Human Resources and Social Security will host a recruitment drive until May 26, 2023.
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China hopes to create around 12 million urban jobs this year, up from at least 11 million in 2022. This year, the government hopes to maintain a survey-based unemployment rate of around 5.5%. Li Qiang, China’s new premier, stated last week that “developing the economy is the fundamental solution for creating jobs,” and that the government will continue to pursue a “employment-first” strategy.
19 offline job fairs, eight cross-region job fairs, and job fairs featuring sectors such as manufacturing, medicine and health, Internet, electricity, and new energy will be held during the first 10 days of the recruitment drive. Meanwhile, the number of college graduates in China is expected to reach a record 11.58 million this year, job seekers expect more job opportunities, better pay, and more reliable social security, according to human resources minister Wang Xiaoping.
The survey-based unemployment rate in China was 5.6% in February, but it was 18.1% for people aged 16 to 24, according to National Bureau of Statistics data. The increase in the unemployment rate in February was due to seasonal factors, according to the bureau.
