This paper analyzed impact of education level of workers on their unemployment risk based on the data of Chinese Social Survey 2011. The empirical results show that the unemployment risk of the workers with higher education lever is lower, which means China's "migrant labor shortage" and "college graduates hard employment" phenomenon is local and short term. The unemployment influenced by such as frictional unemployment, labor force market segmentation, industry structure and other factors. Therefore, we still need to develop education, to promote industrial structure adjustment by improving the quality of labors. At the same time, we shall make full use of the intellectual resources by industrial structure adjustment. In addition, we still need to promote the integration of the labor market and free movement and fair competition among the workers.