Youth unemployment rate climbing in Shanghai   

上海就业形势趋紧 失业青年呈高学历大龄化长期化

青年失业问题正成为一项全球性问题，引起全社会的高度关注。上海市人保局17日对外披露，其针对上海失业青年进行的最新调查数据显示，近年来，上海城镇登记失业青年人数及所占比例逐年上升，失业青年的人数和比重同比仍处于高位。

Shanghai (CNS) -- The unemployment rate of urban youth is climbing steadily in Shanghai, the latest survey of the Shanghai Municipal Human Resources and Social Security Bureau revealed on Tuesday.

By the end of June, about 80,000 young residents were unemployed, 9,500 of whom have been jobless for at least one year.

The jobless are more educated and aged than usual, and stay unemployed longer than ever before, said official Li Ying with the Bureau.

Most of them attribute their job hunting failure to lower salaries than they expected, says an online survey released by the authority in late March.

Shanghai's employment is severe this year, conceded Bureau Deputy Director Ying Hongqing. The number of municipal job vacancies in the first half of the year is commensurate with normal figures, yet more people are quitting their jobs now; it is anticipated that in the next half, the economic downturn and labor structure adjustment are likely to worsen the city's employment situation even further.

Shanghai is turning to two measures to mitigate the downturn – encouragement for pioneering businesses that will create more jobs, and a backup plan based on the experience of the 2008 financial tsunami.