Thursday 25 July 2013

China´s job market grows. But employment pressure remains

Ministry of Human Resources and Social Security spokesman Yin Chengji said at a press conference that China created more jobs in the first half compared with the same period last year.
igures from the ministry showed that China added 7.25 million jobs in the first six months of the year, an increase of 310,000 year on year. The registered urban unemployment rate stood at 4.1 percent at the end of the second quarter.
The government has set a goal of creating no less than 9 million jobs this year, with the full-year unemployment rate set to reach less than 4.6 percent.
Yin said the service sector, particularly Internet-related businesses, has helped absorb new labor.
He said the employment situation in east China has improved in the last two months, with a rebound in monthly figures. The number of newly-added jobs increased rapidly in underdeveloped west China, while that of central China remained stable in the first six months.

Source Xinhua

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