From AFP, via Yahoo! News (link):
Sixty percent of Chinese college leavers looking for work in the final half of 2006 will be unable to find a job, a government report has revealed.
China is expected to face serious employment difficulties during this period, according to a report published by the National Development and Reform Commission, the official Xinhua news agency said Sunday.
The number of graduates will increase by 22 percent over the previous year to reach 4.13 million while the job market can only soak up 1.66 million new graduates, down 22 percent on the previous year, the report said.