More Chinese graduates return to hometowns in depressed economy - state media

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More Chinese graduates return to hometowns in depressed economy - state media
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BEIJING : Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47 per cent from 43 per cent in 2018 amid a sagging job market.Feeling the pinch of rising living costs, jobless Chinese youth have bee

BEIJING : Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47 per cent from 43 per cent in 2018 amid a sagging job market.

The proportion of undergraduates returning home six months after graduation climbed to 47 per cent in 2022 from 43 per cent in 2018, state-run China News Service reported on Tuesday, citing a private sector survey. China's youth jobless rate jumped to a record 21.3 per cent in June with limited offers during the traditional job-hunting season, alongside a dim economic outlook, employment mismatch, salary cuts and previous regulatory clampdown that bruised the property, tech and education sectors.

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