The employment rate of college graduates remained high last year, according to a report released last Monday.
The latest Chinese College Graduates' Employment Report put the employment rate of college graduates for 2016 at 91.6% - about the same as the 91.7% for the class of 2015, but a fraction lower than the 92.2% for the class of 2014.
The report by MyCOS, an education consultancy in Beijing, was based on a survey of 289,000 college graduates in 31 provincial-level regions.
Guo Jiao, deputy director of the MyCOS Research Institute, said the stable employment rate last year was driven by two factors: Many college graduates went on to pursue higher academic degrees, while others started their own businesses.
According to the report, 10.3% of graduates chose to continue their studies last year, while 3% became their own bosses.
The report also said more college graduates last year opted to work in knowledge-intensive industries (information, education), while the number of those who landed jobs in labor-intensive industries shrank (civil engineering, manufacturing), indicating that these traditional industries were facing challenges and needed upgrading.
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