Despite a growing economy, China has been experiencing increasing unemployment over the past 20 years. College graduates are having a particularly difficult time finding jobs. Some of this unemployment can be attributed to China's shift from a command economy to capitalism. The job market has become more competitive and many inefficient state-owned enterprises have been shut down.
See "It's Out of College and Onto Jobless Rolls in China", Jim Yardley, The New York Times, May 27, 2004