Graduate Unemployment in China: A Market Demand Perspective

China's recent upsurge in graduate unemployment has aroused increasing attention of the society. This paper reviews a couple of classical theories about graduate employment, including over-education, educational deepening and educated unemployment, labor market segmentation, as well as supply-demand structural imbalance. It also analyzes five influential factors in market demand for graduates, namely economic development and industrial structure adjustment, labor market mechanism, recruitment tendency of employer, structural problem of higher education, high employment expectation and frictional unemployment. Measures and considerations of how to increase the market demand for graduates are then presented.