Although a nationwide labour survey did not include unemployment rates, we will look at the Chinese labour market using statistics from job placement services.¹ According to the latest statistics on job offers and applications, as of the January-March quarter of 2014, there were 1.293 million young job seekers who graduated in the last year or earlier but had yet to find a job through employment agencies in 102 major cities (MHRSS 2014). As the population of these major cities accounts for approximately 46.7% of the total population of large and mid-size Chinese cities, we can estimate that the number of young job seekers who have graduated, but have yet to find a job, totals more than two million.

Using data from the survey, I also tried to estimate the unemployment rate in those 102 major cities.

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