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7.7 mln graduates in fierce competition for jobs

Reporter: He Weiwei 丨 CCTV.com

07-02-2016 12:54 BJT

As the number of graduates rises, graduates nationwide face slowing employment demand and fierce competition in their job hunts.

June is graduation season, and the last shot for job hunting.

At a job fair held for college students, Chen Li is waiting for an interview. She majored in accounting, but after several internships she found her real interest is administrative work. She’s got several offers but she's still looking for better ones.

"It's not hard for me to get an offer, but it's not easy to find something satisfying. I want to work in a big, well-known company, which I think would be better for my career. I’m still looking for that," Cheng said.

This is the last of many regular job fairs throughout the academic year which began in October. Many students were unhappy about their progress.

"It’s not easy."

"It’s so hard to get a job."

"I’ve sent at least a dozen resumes a day, even a hundred."

7.6 million—that’s the number of college graduates in China this year, making it a record high. Meanwhile China’s GDP growth in the first quarter of this year fell to 6.7%, the lowest figure in 7 years. Both figures indicate a hard season for job hunting.

According to one of China’s biggest recruitment websites, employers’ recruitment demand only grew by 4% in the first quarter of this year, far less than the 19% in the same period last year.

"My company provides advice on real estate. Our business has dropped off recently due to recent changes in the economic environment, and that may affect our recruitment," said Fang Zhimin, deputy GM of Guangzhou Antelope Investment Consulting Company.

A report issued in April by the China Institute for Employment Research said that internet-related industries and finance are among the best job markets. Energy and traditional manufacturing are now at the the bottom of the pile.

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