Shanghai's economy has created 443,000 new jobs in the first six months of this year, according to government sources. The city's
stated goal is to create 500,000 new jobs by the end of 2007, a target that - given the official data - seems possible.
While the city's big-picture statistics will make great headlines, the news is not so bright for certain sectors of the job market, notable
university graduates. City government officials warn that this year 143,000 students (11% more than in 2006) will graduate from universities and colleges. This will place added pressure on the labor market, and will have some degree of impact on the unemployment rate, which officials hope to keep below 4.5 % this year.
What it is also likely to mean is that a high proportion of graduates will be forced to take jobs for which they are academically over-qualified, and in which they will not remain for very long. Shanghai's job merry-go-round seems certain to keep turning.
News & Interviews 
(0 vote)
