China targets 55 million jobs, better worker rights in new plan
3 years, 3 months ago

China targets 55 million jobs, better worker rights in new plan

Deccan Chronicle  

Beijing: China’s State Council outlined a new employment plan targeting 55 million urban jobs by 2025, better rights for workers and beefing up training of the labor force. The unemployment rate will be capped at 5.5%, wages as a share of gross domestic product will be increased and the average age of education of the working population will be raised, the State Council -- the equivalent of a government cabinet -- said in a detailed plan published late Friday. Beijing has pledged to make employment a top priority of its economic policies, a goal that’s taken on more importance recently as authorities make a bigger push to reduce inequality to achieve “common prosperity.” Part of that includes improving workers’ rights, especially in industries like technology, which was put on notice on Friday by a top court warning about excessive-work culture. It also pledged to reduce discrimination in the workforce, encourage employers to adopt flexible policies for workers taking care of infants and provide professional training to women who left the workplace to give birth.

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China's job market remains stable in January-November
1 week, 2 days ago

China's job market remains stable in January-November

China Daily  

Students attend a job fair at Tsinghua University in Beijing, March 15, 2024. BEIJING -- China's job market remained generally stable in the first 11 months of 2024, as the surveyed urban unemployment rate on average edged down on a year-on-year basis, official data showed on Monday. The surveyed urban unemployment rate on average in China stood at 5.1 percent …

China’s rising youth unemployment breeds new working class
4 months ago

China’s rising youth unemployment breeds new working class

The Hindu  

Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents’ pensions, a plight that has created a new working class of “rotten-tail kids”. The phrase has become a social media buzzword this year, drawing parallels to the catchword “rotten-tail buildings” for the tens …

China continues to create jobs, pledges continued enhancement
8 months ago

China continues to create jobs, pledges continued enhancement

China Daily  

The photo shows job-hunters attend the recruitment fair held in Hangzhou, Zhejiang province, March 5. China created 3.03 million new urban jobs in the first quarter of the year, completing its corresponding target set in this year's government work report, said the Ministry of Human Resources and Social Security on Tuesday. The national urban surveyed unemployment rate stood at 5.2 …

Youth unemployment in China hits record high as graduates refuse manual jobs
1 year, 7 months ago

Youth unemployment in China hits record high as graduates refuse manual jobs

The Telegraph  

Youth unemployment in China has soared to a record high as the country’s economy struggles to recover from zero-Covid restrictions. The jobless rate among 16 to 24-year-olds reached 20.4pc in April, data from the National Bureau of Statistics showed, climbing from 19.6pc in March. With the economy struggling to generate enough jobs for young people, Beijing has been urging university …

China faces jobs crunch as growth slows
2 years, 4 months ago

China faces jobs crunch as growth slows

The Hindu  

Even a couple of years ago, Byron Liu, a graduate of Beijing’s elite Tsinghua University, the alma mater of the country’s President, would have been a prized catch in a competitive job market. Mr. Liu, instead, is among the 10.76 million graduating Chinese this year facing the worst job market in decades, as China’s economy deals with multiple pressures from …

Govt outlines plan to beef up employment
3 years, 3 months ago

Govt outlines plan to beef up employment

China Daily  

55m new urban jobs set as goal by 2025, education of young workers stressed The central government has rolled out policies to beef up employment during the 14th Five-Year Plan period, and is confident about maintaining a stable job market over the next five years. Gao Gao, deputy secretary-general of the National Development and Reform Commission, told a news conference …

Govt outlines plan to beef up employment
3 years, 3 months ago

Govt outlines plan to beef up employment

China Daily  

A technician works on the production line of a circuit board in a high-tech company in Hai'an, Jiangsu province. 55m new urban jobs set as goal by 2025, education of young workers stressed The central government has rolled out policies to beef up employment during the 14th Five-Year Plan period, and is confident about maintaining a stable job market over …

A drop in China’s unemployment rate hides a lack of jobs
3 years, 6 months ago

A drop in China’s unemployment rate hides a lack of jobs

Al Jazeera  

While urban jobless rate fell to 5 percent, unemployment for those between the age of 16-24 was more than double that. China’s unemployment rate has steadily dropped from last year’s pandemic peak though a lack of jobs for graduates and a shortage of skilled manufacturing workers point to underlying problems in the labor market. “The phenomenon of fresh graduates struggling …

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