Shan Shan: College graduates: where to go?
Theory of modern economics holds that, unemployment can be divided into 3 categories: capacity unemployment, frictional unemployment and structural unemployment. Structural unemployment is mainly generated when the change of economic structure (including industrial structure, product structure and area structure, etc.) comes into being, yet the knowledge, skills, conceptions and regional distribution of the existing labor forces do not adapt to this change, therefore, they can not match up to the demands of market. Experts think that, the redundancy of gross labor force and structural unemployment are interlaced together, which put great influence upon the college graduates’ employment and it will be a very serious problem at least during the first 20 years of this century.
With the emergence of difficult employment of newly added labor force represented by graduating students, Ministry of education has set an objective that in 2005, the employment rate of college graduates should not be lower than that of the same period of the previous year, i.e. not lower than 73 percent (September, 2004). Senior level from the Ministry of Education expresses that the objective can really be realized though efforts. Is it real?
