BEIJING, Aug 28, 2022 (BSS/AFP) - China's slowing economy has left millions
of young people fiercely competing for an ever-slimming raft of jobs and
facing an increasingly uncertain future.

Official data released this month showed one in five young people in Chinese
cities was out of work in July -- more than three times the national average
and the highest recorded since January 2018.

Nearly 11 million graduates entered China's bleak job market this summer with
the economy growing at 0.4 percent in the second quarter, the weakest in two
years.

Zhao Yuting, 22, told AFP companies were reluctant to hire as the economy
cools -- and that experienced workers were now jostling for entry-level jobs,
elbowing out green hands such as her.

Since graduating in July, she submitted her CV to dozens of companies.

Only a handful called her back for an interview, only to turn her down saying
she lacked experience.

Armed with a degree in English, Zhao thought she could earn a living as a
tutor until she found full-time work.

But recent crackdowns on the tech and education sectors, which usually absorb
fresh talent, have evaporated such jobs.

"I've been job hunting for two or three months but the prospects of being
hired look slim," said Zhao, who has been forced to move back in with her
parents while she hunts for work.

"The longer it takes, the greater the pressure."

- Slim prospects -

Analysts blame a slowing economy crippled by Covid lockdowns, as well as the
large cohort entering the labour force during the graduating season in July
and August, for the slim prospects facing China's youth.

Official data does not track unemployment among rural youth, and the real
jobless population could be more than double the official number, estimated
Zhuang Bo, an economist at research group TS Lombard.

Blue-collar workers, too, are struggling to find work as growth in the
manufacturing and construction sectors cools.

"The reality is more serious than what the data shows," said Ho-fung Hung,
who specialises in China's political economy at Johns Hopkins University.

"If the problem continues without remedy, it will easily spread social
disorders."

At a job fair in the tech hub Shenzhen, long lines of anxious parents and
young graduates waited for a chance to chat with recruiters.

But headhunters at the fair said they were cherry-picking graduates from top
universities, because only a few positions were available.

"My goal was to work in Shenzhen, in China's Silicon Valley," Luo Wen, a
computer science graduate, told AFP.

"But after more than four months of searching, I'm ready to work even in a
smaller city, for less pay."

- 'I can't see the future' -

Graduates who managed to find work this year were offered salaries that were
on average 12 percent less than last year, data from online recruitment firm
Zhaopin showed.

And while some job seekers were lowering their ambitions, others were biding
their time pursuing further studies.

Experts warned that this may lead to "degree inflation", where employers
demand higher and higher qualifications for jobs that do not necessarily
require them.

Analysts blamed government policies that saw a rapid rise in college students
over the past decade as the economy failed to accommodate more knowledge
workers.

"The pandemic and lockdowns simply aggravated the problem," Hung said.

The government has pledged to shore up employment by offering tax relief for
small businesses and more start-up funding.

Premier Li Keqiang has said China's employment crisis is "complex and grave"
and called on state-owned companies to step up to stabilise the economy.

And as growth in the private sector slows, job seekers have flocked to cram
schools to prepare for highly competitive civil service exams.

A record-breaking two million people signed up for the national civil service
exam last fall.

A recent survey by 51job, one of China's biggest job search services, found
that 40 percent of respondents preferred stable state jobs over corporate
careers.

But for Zhao, who cannot afford to study further and does not have the
connections to secure a government job, few options remain.

"I feel that I can't see the future," she said.

"I haven't made any progress. It's miserable."