2021-10-24

The youth unemployment rate has dropped significantly. Where will 9.09 million graduates flock?

By yqqlm yqqlm

The youth unemployment rate has dropped significantly. Where will 9.09 million graduates flock

the survey unemployment rate of urban youth, which has been high in recent years, dropped significantly in the third quarter, and the employment situation of college graduates further improved. The relevant employment market survey on the whereabouts of college students shows that state-owned enterprises are deeply loved by graduates, but the employment competition of state-owned enterprises is the most intense and the employment boom is the lowest

ha Zengyou, director of the Department of employment, income distribution and consumption of the national development and Reform Commission, said publicly recently that the employment of youth groups focusing on college graduates has been facing great pressure. This year, there are 9.09 million college graduates. At the same time, affected by the epidemic and flood disasters, some small and medium-sized enterprises have reduced their recruitment carefully, and the recruitment situation is relatively tense

the employment market prosperity report of college graduates in the third quarter of 2021 (hereinafter referred to as the “prosperity report”) recently released by China Employment Research Institute of Renmin University of China in conjunction with Zhilian recruitment shows that with the improvement of domestic epidemic prevention and control and the continuous recovery of economic development, the employment prosperity index of college graduates in the third quarter of 2021 decreased month on month, but increased year on year

The youth unemployment rate has dropped significantly. Where will 9.09 million graduates flock?

another human resources service provider, 51job, recently released the report on the job hunting situation of fresh graduates of key universities in 2021, which also shows that the employment opportunities in 2021 are significantly more than those in the past two years. Among the 123 college student employers interviewed, 80% have more demand for graduates than last year. Among the 211 or 985 college graduates interviewed, 79% preferred the “most willing to work” to state-owned enterprises

the phenomenon of “slow employment” is one of the important reasons for the high youth unemployment rate in China. Ha Zengyou said that in view of the increasingly prominent structural employment contradiction among youth groups, the national development and Reform Commission will work with relevant departments to develop more high-quality jobs suitable for youth groups

According to the

prosperity report of College Students’ employment market under the “double reduction”, college graduates entered the peak of job hunting in autumn in the third quarter, and the employment prosperity index decreased month on month, indicating that the competition for job hunting in this quarter is fierce

since this year, China has strengthened the supervision of some industries, which has not only standardized but also caused the loss of jobs in some industries, the most prominent is the education and training industry, which is an industry with relatively concentrated employment of young people

compared with previous years, a change in the employment market of college students this year is the impact of the “double reduction” policy on the employment of teaching and training industry. According to the survey conducted by 51job in the first half of this year, education and training was the industry with the largest number of graduates in 2021 among the 16 industries where college students’ employers are located. However, after the official introduction of the national “double reduction” policy in July 2021, local governments have successively issued specific implementation documents, and the employment supply and demand of the education and training industry has been reversed

the prosperity report shows that in the third quarter of 2021, the number of college graduates in the education / training / institution industry decreased month by month from July to September, while the number of job applications also decreased significantly in August and rebounded slightly in September. The employment prosperity index of college graduates also decreased from 9.77 in August to 4.69 in September, indicating that the “double reduction” policy has a significant cooling impact on the employment of the industry

The youth unemployment rate has dropped significantly. Where will 9.09 million graduates flock?(1)

in terms of occupations, the occupations with good employment prospects for college graduates in the third quarter were real estate trading, primary and secondary school curriculum counseling, sales consultant, medical devices, general workers / technicians, etc., but the nature or content of real estate trading, sales consultant, general workers / technicians and other occupations were relatively single, The technical content is not high, and the salary is less attractive to college graduates, so there is a large supply gap

the primary and secondary school curriculum counseling profession ranks second among the top ten employment booming occupations for college graduates. The implementation of the “double reduction” policy has a significant impact on college graduates of primary and secondary school curriculum counseling profession. From the perspective of recruitment demand, from July to September 2021, the number of recruitment demand for primary and secondary school curriculum counseling decreased continuously, especially in September, and the prosperity index in September also decreased to the lowest point since the second quarter

The youth unemployment rate has dropped significantly. Where will 9.09 million graduates flock?(2)

in addition to the education and training industry, 51job survey shows that the recruitment of integrated circuit chips and pharmaceutical and medical industries has increased year by year, and the school recruitment of real estate construction and energy industries has reached the highest in recent five years. The recruitment of fresh students in the banking / insurance and auto / spare parts industries this year is higher than last year

with the economic transformation to digital, more than half of the new jobs in enterprises are classified as data and algorithm jobs. The market is seriously in short supply, and the product and operation jobs provided to graduates have also increased significantly, especially the posts related to digital operation, which have a large demand for young knowledge talents and high dependence. At the same time, production and promotion posts were further reduced

“slow employment” has raised the youth unemployment rate

since this year, the National Bureau of statistics has successively announced the survey unemployment rate of urban youth aged 16-24. The youth unemployment rate was 13.6% in March, up from the same period last year, further increased to 15.4% in June and 16.2% in July. Since then, the employment of college graduates has increased, driving the decline of youth unemployment rate, which was 15.3% and 14.6% in August and September respectively, showing a downward trend month by month

Wang Pingping, director of the Department of population and employment statistics of the National Bureau of statistics, said that in June and July, due to the concentration of college graduates looking for jobs, the unemployment rate of young people aged 16-24 increased significantly in the short term. With the end of the graduation season, the youth unemployment rate in September decreased by 1.6 percentage points compared with that in July. With the gradual implementation of work after graduates leave school, the employment situation of college graduates is expected to be further improved

ha Zengyou believes that the high youth unemployment rate is restricted by both total and structural factors. The structural employment contradiction of youth groups has become increasingly prominent, with the disconnection between supply and demand, job discomfort and “slow employment” from time to time

Yao Kai, director of the global scientific and creative talent development research center of Fudan University, said that the competitive pressure on the job market of 9.09 million graduates has increased, and some industries and leading employers have experienced employment involution, which has increased the youth unemployment rate. There is also structural unemployment among youth employment groups, and the knowledge and skills obtained by college students in schools are somewhat out of touch with the needs of enterprise employers

according to the survey of 51job, the Ministry of Education announced that 3.77 million people applied for the postgraduate entrance examination in 2021, a new high. 40% of the undergraduate graduates interviewed said that their first intention was to continue their further study. 76% of the master’s graduates preferred to “enter the workplace after graduation”, which was also the lowest in recent three years, but 11% of the graduate students most wanted to become “civil servants”

while “academic risk aversion” has become an important choice for college graduates, students who go to employment prefer more stable jobs such as state-owned enterprises and government institutions. 80% of college students prefer state-owned enterprises among the “two types of enterprises most willing to work”, and half of the people who prefer state-owned enterprises also prefer job opportunities in “government institutions”; More than 60% of the graduates who prefer “government institutions” are also more willing to find suitable opportunities in “scientific research or other institutions”

although college students prefer to work in state-owned enterprises, in fact, the jobs that state-owned enterprises can solve are very limited. The prosperity report shows that the employment prosperity of private, listed companies and joint-stock enterprises is good in this quarter, and the employment competition of state-owned enterprises is fierce. The employment prosperity index of state-owned enterprises is only 0.39 and that of private enterprises is 1.54

on the supply side of job hunting, state-owned enterprises and listed companies increased by 27.4% and 26.0% respectively, but on the demand side, the recruitment demand of large enterprises favored by graduates, such as state-owned enterprises and listed companies, was flat or decreased significantly month on month

ha Zengyou said that in the next step, the national development and Reform Commission will work with relevant departments to accurately focus on youth employment. Focus on cultivating and expanding advanced manufacturing industry, modern agriculture and modern service industry, develop more high-quality jobs suitable for youth groups, continuously improve the reserves of professional knowledge and vocational skills of youth groups, maximize the compatibility of people and posts, and pay attention to alleviating the structural employment contradiction. (author: Guo Jinhui)