According to the New York Times, some U.S. grads are beating the recession by taking jobs in China. In some states, like California, where 11.6% unemployed, heading abroad is the only solid option that emerges from a cloud of uncertainty.
The New York Times also reports that China's GDP rose 7.9% last quarter over the same period in 2008. Coupled with an urban unemployment rate of 4.3%, it's no wonder more and more U.S. grads are heading to China to take their chances. Check out the full NYT article below.
Expat Recession-Beaters
U.S. Grads Head to China to Jump-Start Their Careers
Trend Themes
1. U.S. Grads in China - Opportunity for American graduates to find employment and gain international experience in China during times of economic recession.
2. Job Migration - Increasing number of U.S. graduates relocating to countries like China to find employment opportunities and escape high unemployment rates at home.
3. Global Career Flexibility - Rise in mobility and willingness of American graduates to adapt and work in different countries, such as China, to enhance their career prospects.
Industry Implications
1. Education - Opportunities for educational institutions and agencies to develop programs that prepare American graduates for international job markets, particularly in China.
2. International Business - Growth potential for companies specializing in relocating and assisting American graduates in finding job opportunities and navigating the business landscape in China.
3. Global Recruitment - Emerging market for recruitment agencies targeting American graduates seeking employment in China, providing services such as job placement and cultural integration support.