China likely to create over 13m new jobs
Print Edition
CHINA’S job market has proved resilient, despite slowing economic growth, with more than 13 million new jobs expected to be created this year, said a senior Chinese official.
China’s registered urban jobless rate will stay at a “relatively low” level, Yin Weimin, human resources and social security minister, said yesterday at a work conference, without giving a specific figure.
The new jobs data will beat the government’s full-year target of at least 10 million jobs.
At the end of September, China’s urban registered jobless rate stood at 4.07 percent, below the government’s annual target of 4.6 percent.
China added 10.82 million jobs in the first nine months. Yin’s remarks mean that over 2 million jobs may be created in the fourth quarter.
China’s gross domestic product grew 7.4 percent year on year in the first three quarters of this year.
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