Home / Business and Economy / China's Youth Seek Stable 'Iron Rice Bowls' Amidst Economic Downturn
China's Youth Seek Stable 'Iron Rice Bowls' Amidst Economic Downturn
17 Dec
Summary
- 3.7 million applicants vied for 38,100 entry-level government roles.
- Youth unemployment in urban China exceeds 17%, impacting private sector jobs.
- Government jobs regain appeal due to private sector instability and layoffs.
The allure of government jobs, once termed "iron rice bowls," is experiencing a significant resurgence in China. This shift is driven by a challenging economic climate that has diminished prospects in the private sector, leading to substantial layoffs. As a result, educated young Chinese are increasingly turning to the public sector for stability and security.
This year, a record 3.7 million individuals applied for the annual civil service examination, hoping to secure one of the 38,100 available entry-level roles. This intense competition highlights the precarious state of the job market, particularly for those aged 16 to 24, who have faced unemployment rates exceeding 17% since July.
The decline in private sector appeal is evident, with many graduates now prioritizing predictable benefits and social prestige over the higher pay previously offered. This trend is further supported by data showing a decrease in graduates seeking positions in private enterprises, underscoring the current economic uncertainties influencing career choices.
