BUSINESS China's job market remains stable in July on emerging industries

BUSINESS

China's job market remains stable in July on emerging industries

Xinhua

17:19, August 14, 2020

BEIJING, Aug. 14 (Xinhua) -- China's job market remained stable with the surveyed unemployment rate in urban areas standing at 5.7 percent in July, buoyed by improving demands from emerging industries, official data showed Friday.

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Job seekers talk with employers at a job fair in East China's Shanghai, on June 10, 2020. (Photo: Xinhua)

A total of 6.71 million new urban jobs were created in the first seven months of 2020, down 1.96 million from the same period of last year, according to the National Bureau of Statistics (NBS).

The surveyed unemployment rate among those aged between 25 and 59, the majority of the labor market, stood at 5 percent in July, down 0.2 percentage points from June.

Meanwhile, the surveyed unemployment rate in 31 major cities was 5.8 percent last month, remaining flat with that of June, according to the NBS.

"Due to the recovery of the economy, employment demands are actually expanding," said Fu Linghui, a spokesperson for the NBS. "Emerging industries, including livestreaming e-commerce and online retail, created new jobs, which played an important role in stabilizing employment."

The overall employment situation for migrant workers has also been improving as measures to stabilize the labor market are gradually taking effect, Fu said. By the end of the second quarter, a total of 177.5 million rural laborers had left hometowns for work, accounting for 97.3 percent of that in the same period last year, Fu added.

Compared with that of the first quarter, the figure rose by over 55 million, the NBS data showed.

However, Fu said that the pressure on employment situation remains as the number of fresh graduates hit a record high of 8.74 million this year and some individual and smaller businesses are still facing difficulties in production and operation.

More work should be done to implement further policies offering assistance to enterprises and stabilizing employment, Fu said.

The surveyed urban unemployment rate is calculated based on the number of unemployed people who have participated in the employment survey in urban areas, including migrant workers in cities.

China will give priority to stabilizing employment and ensuring living standards this year, aiming to add over 9 million new urban jobs and keep the surveyed urban unemployment rate at around 6 percent, according to the government work report.

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