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Graduates finding work

THE city's graduate employment has turned out better than what the Shanghai Education Commission expected considering the global financial crisis.

As of July 10, 85 percent of the city's 158,000 graduates from its 64 colleges had found a job. The figure is almost the same as last year.

The education authority expects this year's college graduate employment rate to be 70 percent after a survey conducted at the end of last year showed that some businesses have reduced their demand for new recruits by 20 percent. Businesses closely linked to the global market, such as finance, have suffered more.

Also 465 students chose to start their own business after graduating. That's 88.3 percent more than the last year.

Several incentive policies have helped the city's job market to weather the challenge. Six district governments, Luwan, Jiading, Huangpu, Minhang, Xuhui and Putuo, have granted allowances to businesses who employ college graduates.

Graduates have also been encouraged to take internships and work in rural areas.

For graduates still looking for jobs, the city will continue to hold the job fairs that have been held every Saturday since June 20.


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