Job market being tighter when employers more cautious
Vice-Minister of Human Resources and Social Security Zhang Xiaojian said late last month that the urban registered unemployment rate can be kept below 4.5% this year, but the rate may rise next year.
According to a recent survey of Manpower Inc, a leading global employment services provider, the rate of hiring new employees of companies in Beijing, Shanghai and Guangzhou become the lowest.
The current job market is affected by the financial crisis. Lucille Wu, managing director of Manpower Greater China said that the recession of global economy and exports have made employers more cautious about hiring new staff.
Due to a tighter job market that 24 million people will compete for 12 million jobs next year, the highlight of the stimulus package from the government is to introduce a special nationwide vocational training programme, especially for laid-off and migrant workers, to ease the pressure on the job market.
The unemployment insurance fund has been over 100 billion yuan ($14.5 billion) and its high time it is used, according to Zheng.
It is said that most of the finance given to the package will be used for special employment and unemployment insurance funds.
About half of 230 million migrant workers in China are working away form their provinces while about 60% to 70% of them are below 28 and lack basic agricultural skills, Zheng added.
In Zheng’s opinion, there is a tendency that more and more surplus labourers in rural areas will migrate to cities and become industrial workers. In that case, we should not force them to go back to the countryside.
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