Layoffs and a shrinking job market have forced fresh graduates to lower their expectations of finding good jobs, some visitors to a national job fair said Tuesday.
The job fair, organized by the Ministry of Human Resources and Social Security, began in Tianjin on Sunday and will travel to several major cities for two weeks. The fair offers information on more than 520,000 vacancies for graduates.
Luo Fengming, a senior in computer science and technology, has already realized the difficulty of finding proper employment. He will graduate from the Beijing Institute of Technology next year, but he has been looking for a job since September, ten months before his graduation.
Job seekers crowd into an employer's stall at a job fair for medicine graduates in Nanjing, capital of eastern China's Jiangsu Province, November 15, 2008. A job fair kicked off in the city on Saturday with over 5,000 job vacancies provided by more than 100 enterprises. [Xinhua]
"The deteriorating economic situation has forced me to lower my expected monthly salary from 4,000 yuan ($588) to 2,000 yuan," he said.
Luo has submitted his resume to more than 50 companies and taken a dozen written exams in the past two months. However, he has not been successful in securing a job.
The global financial crisis has made it difficult for graduates to find good jobs, Xinhua quoted Vice-Minister of Human Resources and Social Security Zhang Xiaojian as saying. But "it's important that graduates are helped to find jobs in order to maintain social stability," Zhang said.
Though some job seekers are more confident of success than Luo, they have lowered their expectations, too.
As Dong Fangzhao, a postgraduate in English from Beijing Jiaotong University, said: "I know I'll find a job in the end because my master's degree is relatively advantageous. But I wouldn't demand a high salary because of the economic situation."
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About 6.1 million students will graduate from universities and colleges next year and will join some 800,000 of this year's graduates to look for jobs, said Meng Xianghong, an official of the ministry's National Center for Human Resources.
Besides organizing job fairs, the ministry will encourage graduates to start their own businesses, and give instructions to those who decide to do so, he said.
"To build confidence among university graduates, we will provide them counseling on job-hunting and set up a database of unemployed graduates," Meng said.
The center's figures show employers at the national job fair are targeting majors in ten subjects such as business management, electronics and information, economics, mechanics and foreign language.
There is some good news, too. When famous companies such as Citigroup and Motorola are slashing jobs, many domestic enterprises are shrugging off the economic downturn, with some even hiring more staff.
The Red Yellow Blue Education Institution (RYBEI), a Beijing-based early education organization, said it needed about 1,000 graduates in 2009, twice as much as this year, because it plans to open 70 kindergartens around the country.
"The global economic downturn has had no obvious impact on us so far. But I think it could affect us in the future," said Zhong Manwei, head of RYBEI's human resources department.
Zhao Zhen, HR official of Beijing DHC Digital Technology Corporation, said the company will recruit more graduates than last year at the national job fair when it comes to Beijing next week.
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