Feature

Overeducated, underemployed

The week's news at a glance.

Beijing

More than half of Chinese students who graduate from college this year will be doomed to unemployment, the Labor Ministry said this week. The number of grads has been steadily climbing in the past few years, even as job creation slows. In the second half of this year, 4.1 million people will finish university, but there are jobs for only 1.7 million of them. India, another emerging giant, may soon face a similar shortage. “The outlines of an Asian employment crisis are already taking shape,” said Ifzal Ali, chief economist of the Asian Development Bank. “Asia’s success will sooner or later be eclipsed by the pressures of a huge reserve army of unemployed.”

Recommended

Doctors warn climate change is now 'the greatest global health threat facing the world'
Climate activists.
action needed

Doctors warn climate change is now 'the greatest global health threat facing the world'

Brazilian senators seek charges against President Bolsonaro for pandemic response
Jair Bolsonaro
Pandemic prosecutions

Brazilian senators seek charges against President Bolsonaro for pandemic response

Haitian gang asks $17 million ransom for abducted U.S. and Canadian missionaries
Police truck drives in Haiti
Dirty business

Haitian gang asks $17 million ransom for abducted U.S. and Canadian missionaries

Why America needs her foreign critics
Wang Huning.
Samuel Goldman

Why America needs her foreign critics

Most Popular

Rep. Jeff Fortenberry indicted on charges of lying to federal investigators
Rep. Jeff Fortenberry.
see you in court

Rep. Jeff Fortenberry indicted on charges of lying to federal investigators

Assaults against law enforcement officers rose in 2020
Miami Beach police officers.
public safety

Assaults against law enforcement officers rose in 2020

The American 'Great Resignation' by the numbers
Help wanted sign
Help Wanted

The American 'Great Resignation' by the numbers