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China’s Record Graduates to Pressure Youth Jobs Market in 2023

  • A record 11.58 million students will graduate next year: Gov
  • Youth unemployment rate hit all-time high this year on Covid
Students from Huazhong University of Science and Technology at the graduation ceremony in June 2022.

Students from Huazhong University of Science and Technology at the graduation ceremony in June 2022.

Photographer: Ren Yong/SOPA Images/LightRocket/Getty Images

By
Bloomberg News

China’s youth unemployment, already near an all-time high, faces more pressure next year as a record number of graduates enter the labor market.

About 11.58 million students from universities and colleges are expected to graduate in 2023, 0.82 million more than this year’s total, the Ministry of Education said Tuesday. The details came from a joint conference on graduate employment held with the Ministry of Human Resources and Social Security.