Imbalance Between Supply and Demand in Chinas Labor Market Facing by the Graduates

Abstract

With the spread of higher education, the number of university graduates in China continues to increase. Nonetheless, the absence of social interest has truly impacted the work possibilities of college graduates. Moreover, the world economy has still not fully recovered from the impact of the epidemic. Chinas unemployment rate remains at a high level, and the hole among metropolitan and rustic regions in China is clearly as well. This paper analyzes the fact of the low employment rate among Chinese college graduates, focusing on the argument that it is not solely due to individual factors such as psychlogical reasons or city preferences for future employment. Behind this, there exists an imbalance in the supply and demand relationship within the current labor market in China. Finally, the paper puts forward suggestions to ensure Chinas labour supply from the aspects of career planning of college students, corresponding government policy reform, industrial structure adjustment, and active assistance of enterprises.