Still not Easy for the Chinese Job Hunter to Find a Job
Wang Yadong (deputy director of the employment promotion department of the Ministry of Human Resources and Social Security) said the unemployment rate will remain below 4.6 percent this year. This rate is the highest level of unemployment since 1980.
About 9 million city residents are unemployed, among which college graduates take 3 million and rural migrant workers take 4.5 million.
On the same day, Wang also said, because of the global economic crisis, the number of unemployed people has been increasing since the fourth quarter of the year 2008.
The Ministry of Human Resources and Social Security is having a great pressure. They have managed to control the urban unemployment rate at 4.3 percent in the second quarter of 2009. However, the situation is still not bright. The jobless rate is increasing for the first time in five years, 4.2 percent in the fourth quarter last year and reaching 4.3 percent in the first quarter of this year.
According to the officer, the global financial crisis is not ready to an end yet. There are still a lot of Chinese companies having a hard time, which makes the unemployment situation severe.
While the economic slows down, the labour-intensive industries of the coastal regions are quickly affected. The jobless rate indicated by the officer didn’t include the country’s 240 million migrant workers.
The total number of migrant workers in cities is about 150 million. According to the ministry’s figures, less than 3 percent of the migrant workers are seeking jobs. This means that only 4.5 million migrant workers are unemployed.
However, before the Spring Festival in January, 20 million to 30 million migrant workers lost jobs. Job flexibility and the government’s stimulus policies have changed their situations. Chinese migrant workers don’t have social safety net and they cannot afford to lose their jobs. The actual employment situation changed with the cost of less pay and longer working hours.
The central government paid 4 trillion yuan for the economic stimulus package. It stimulates the economic growth and brings some slight job increases. The economic growth last quarter was 7.9, compared to 6.1 of the previous quarter.
According to a ministry survey of more than 513 major companies in five provinces, from February to June, 2009, the number of jobs grew by 0.13 percent over October 08 – January 09.
The number of jobs fell by 8.05 percent between October and January. In the second quarter, the demand for jobs has shown a big increase by 50.7 percent more than the first quarter, indicated by the China Institute of Employment Research report.
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