“I have been in finance for over a decade, and my salary was on average 25,000 RMB (US$3,500) per month. But for similar managerial roles, many companies are now only willing to offer 8,000 to 12,000 RMB, with longer work hours and less benefits,” she shared.
Feeling helpless from her unsuccessful job hunt, Zheng returned to Shenzhen in May in the hopes of finding a suitable job in the first-tier city.According to data from the Shenzhen Human Resources and Social Security Bureau, the number of newly registered unemployed rose by 40.1% year-on-year in Q1 2024, 15% more than the previous quarter.