According to the provincial labor authority, the situation of the job market will worsen over the next three months as the economic slowdown starts to bite.

The Guangdong labour and social security department pointed out in a press release that in the first 11 months, more than 1.8 million people started their first job, while 626,000 others found new ones after being made redundant.

However the press release also stated that the number of unemployed will increase in the first quarter of next year, and the manufacturing sector will be the worst, as more factories are forecast to close. It seems that the healthy jobs market is going to experience hard times in the year 2009.

The department said that it will be hard for unskilled workers, migrant or otherwise, and college and vocational school graduates who lack experience to find a job.

The financial crisis has brought the worst jobs market for three decades, the director of the Guangdong education department, Li Xiaolu said.

Next year, there will be only 44 job fairs for more than 330,000 new graduates, he said.

260,000 applications were submitted for the 40,000 jobs on offer at the 16 fairs held this year, he said.

Labor authorities have said they will do their utmost to minimize the effects of the jobs crisis, including encouraging people to set up their own businesses and giving priority to families that have more than one member out of work.

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China, economy, Financial crisis, job market, situation