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University grads find tough luck in job hunt

CHINESE college graduates experienced a drop in their employment rate and salaries last year compared with 2007, researcher said in a report yesterday.

The report was based on a survey that was conducted in January and covered 218,000 of the country's 2008 college graduates.

By the end of last year, the employment rate for those young people stood at 86 percent, down 2 percentage points year-on-year, said the report, published by the Social Sciences Academic Press.

Only about one-third of the graduates found jobs in the six months after their graduation in June, it said.

The report also showed a big drop in college graduates' salaries.

The average monthly salary of graduates of colleges listed in the "211 program," the country's key education development project, dropped 14 percent from a year earlier to 2,549 yuan (US$373) in 2008, according to the report.

And the average salary of graduates from other colleges declined 11 percent year on year to 2,030 yuan last year, it said.

China has more than 1,700 higher learning institutions, about 6 percent of which are in the "211 Program" list.

College graduates are having a hard time finding jobs this year as positions are being cut due to the economic slowdown.

China has 6.11 million college students due to graduate this year, and 1 million from last year are still looking for jobs, according to the Ministry of Human Resources and Social Security.


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