Stable employment growth is observed in China

Beijing. Jul 17. Silkroadnews - About 6.13 million jobs have been added in the cities of China over January-May period of this year, driven by the country’s economic growth and optimization of the economic structure, said the representative of the Ministry of Human Resources and Social Security (MHRSS), “People’s Daily” reported.
From January to May, 2.3 million previously laid-off workers and 720,000 people with employment problems were employed in the cities.
By the end of the first quarter, the registered unemployment rate in the cities was 3.89%, which is 0.08 percentage points less compared to the same period last year. In May, the registered unemployment rate in the cities was 4.8%, which is 0.1 percentage points lower than in May last year.
The labor market in China remained active during the first three months, with an average of 1.23 new jobs per candidate.
“The manufacturing labor market was expanding steadily with the demand for manufacturing jobs increasing by 5.2 percent year-on-year, 0.7 percentage points higher than the demand for all jobs, statistics show”, the report reads.
By the end of the first quarter, the number of rural migrant workers reached 174 million, an increase of 1.88 million on an annual basis. A total of 430,000 job-seekers were granted jobs, an annual increase of 20,000. By the end of May, a total of 7.81 million registered impoverished people had been employed.
Lu Aihong, a ministry official, said the labor market is an important indicator of macro regulation, and its steady expansion is a positive signal that the national economy as a whole is stable.
According to Lu, by the end of the first three months, the service sector accounted for 56.6% of the economy, which gave a stronger impetus to growth in employment.
“In the first three months, 1.32 million enterprises were registered and 14,700 businesses were set up each day, indicating the multiplier effect of creating more jobs by encouraging business startups has continued to emerge,” Mo Rong, deputy director of Chinese Academy of Labor and Social Security, said.