As unemployment rockets in China, youngsters are on edge: report

Beijing: Many youngsters in China are in anxiety over not landing in any jobs despite having required university qualifications.

News agency AFP has sampled out the situation of psychology major Zhang who failed to find a job in her field of market research even after sending out CVs thousands of times.

A haggard Zhang was quoted as saying: ‘After graduating, I've found that the pressure is really huge.’

Zhang, however, is not her full name which she held up for fearing reprisal, given China’s strict vigil on dissenting voices.

‘For every ten resumes I send out I get one response,’ Zhang, who is among China’s of graduates, said.

China is facing soaring unemployment after its economy started limping making it unable to accommodate millions of graduates entering the job markets each year.

Unemployment figures showed that 21.3 percent of people aged 16 to 24 were found to be jobless in June.

As the concern over unemployment grows, China on Tuesday announced not to publish ‘age-related’ data on employment.

Slowing growth of the world's second-largest economy is best expressed at the job fairs in Beijing this week, as per the report.

Those who attended the fair were concerned over the ‘challenging landscape’ for jobseekers in landing their first or second job.

The 21-year-old Yang Yao, who is an experienced media person, found no opening at the fair where employers wanted staff for ‘ low-paying sales and administrative positions.

Yang Yao was looking for a media job in Beijing after he moved to the city from China’s Zhejiang province to be near his family.

‘Every night I find myself worrying, what if I can't find a job what will I do about living costs? And I can't sleep at night,’ AFP quoted him as saying.

Meanwhile, China announced measures including mega festivities and sporting events to boost consumption.