Why China’s young are flocking to government jobs in record numbers [MSNBC.com]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: MSNBC.com
Candidates prepare to take the written test of public subjects for the 2025 exam for civil servants at Nanjing Forestry University in East China's Jiangsu Province, on December 8, 2024.Costfoto | Nurphoto | Getty ImagesA record number of educated young Chinese are flocking to government jobs for security as the world's second largest economy faces growing headwinds that have diminished prospects for private sector jobs.As many as 3.7 million applicants nationwide, including graduates from the country's top universities, sat for the annual civil service exam last month. But only one in about 100 is expected to secure a place among the 38,100 entry-level government roles, starting next year.Many were willing to take those odds as private job prospects dim amid an economic slump and worsening business sentiment. Unemployment among 16- to 24-year-old urbanites in Chinahas stayed above 17% since Julyaround 10%Government jobs were once considered "iron rice bowls" for their stability and fi
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