China Warns College Graduates of Grim Employment Situation Due to Coronavirus
US Entry Level Job Market Hiring Not Yet Impacted By Coronavirus
"Taking into consideration the downward pressure on the economy and the additional impact of the coronavirus, we expect higher education graduates in the first half of this year will face a more complex and grim employment situation," said Wang Hui, Director of the Higher Education Department at China's Ministry of Education.
China is expecting an increase of 400,000 new graduates in 2020 to more than 9.1 million graduates. In contrast, the US college market has a relatively stable number of new college graduates each year at just under 4 million.
Wang added the Ministry of Education has a plan for helping college students find jobs, including increasing use of online recruitment and allowing schools to hold necessary residential paperwork for two years.
While China is being impacted by the coronavirus, the US entry level job market is projected to be on a record pace for hiring of new college graduates in 2020. According to a new entry level hiring survey of more than 400 large US employers, hiring of new college grads in 2020 is projected to be up 5.5% over the previous year. CollegeGrad.com just released its annual update to the Top Entry Level Employers survey.
"Will the coronavirus have an impact on US entry level hiring in 2020? At this point in time, the answer is no. None of the US employers we surveyed were reducing their entry level hiring estimates due to an impact from the coronavirus,"
The full survey results of the Top Entry Level Employers in the US are now available online at CollegeGrad.com/