Of the 25 million people who need urban jobs, according to the NDRC, 9 million will be those joining the job market, 3 million will be former rural residents who have recently moved to cities, and the remaining 13 million are workers let go or about to be retrenched by their employers, mainly as a result of the continuous restructuring of State-owned enterprises.
Of the 9 million newcomers, 4.1 million will be graduates, more than at any time in China's history, and an increase of 750,000 over last year.
Some job agencies have already reported feeling the pressure of the unprecedented number of applications. "The peak demand was a week earlier this year," said Fan Fangfang, director of the Shanghai Employment Centre's operations in the city's Pudong area.
Traditionally, she told China Daily, the peak season would be two weeks after the Spring Festival (Lunar New Year). "But this year, applicants began swarming our office as soon as we came back from holidays." The Spring Festival fell on January 29 this year.
A second peak period for job agencies will be in late spring, when most college graduates enter the market; and a third just before winter when most contracts come to an end and a new wave of job hopping starts.
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