Abstract: Based on co-term analysis, this paper explores the hot spots and their interrelations in employability studies as well as their social and economical implications. The hot spots mainly lie in higher education, higher vocational education, teaching reform and employment guidance. Driven by the knowledge-based economy, an ability-based society has been taking shape and employability has become a core element during the new round upgrading of human resources. As a result, in order to provide human resources with good quality for further development of economy, higher education must optimize its own personnel training strategy based on the trends of economic structure readjustment. Meanwhile, it’s also essential to accelerate the upgrading of higher vocational colleges and to comprehensively promote the guidance of career development and management throughout the process of personnel training.