The supply and demand situation of youth labor force is crucial for analyzing the youth employment issue. This study, using data from the Seventh National Census, China Labor Statistical Yearbook, and China Education Statistical Yearbook, analyzes the situation of youth labor force supply and the new labor demand in various industries during the 14th Five-Year Plan period and beyond. The study fi nds that the number of college graduates in China is showing an expanding trend since 2010, with a continuous increase in supply. The forecast results show that from the present to 2035, China's labor market will face an imbalanced situation with oversupply, especially due to the increasing number of college graduates and the backlog effect of expanding enrollment, the employment pressure on college graduates and other youth groups will be further highlighted. To promote high-quality and full employment for college graduates and other youth groups, the study suggests that supply shock and structural contradictions be resolved through enhancing job matching, optimizing employment conditions, strengthening employment assistance, and actively guiding youth to participate in rural revitalization programs.