Until recent years, college graduates were assigned jobs in government or state-sponsored enterprises. Now students can try to arrange their own job, and if they fail to do so, they are assigned one.
Seniors are under a lot of pressure, because everyone wants to get a good job.
Most people want to work in a joint venture, where pay is higher and there is opportunity for travel and advancement. These jobs are only for the lucky and highly-qualified few. The next important consideration is to get a job in a large city. In China living conditions are usually much better in the city. Once you get stuck in a small city or in the countryside, you may be stuck there for a long time.