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January 26, 2011

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China records 4.1% urban jobless rate

CHINA'S urban unemployment rate stood at 4.1 percent at the end of last year, with 9.08 million people registered as unemployed, an official with the Ministry of Human Resources and Social Security said yesterday.

The country had created 11.68 million jobs last year, exceeding the government goal of 9 million, spokesman Yin Chengji told a press conference.

The fourth quarter jobless rate was flat from the third quarter, which fell 0.1 percentage point from 4.2 percent at the end of the second quarter. Some 5.47 million laid-off workers were re-employed last year, surpassing the goal of getting 5 million laid-off people back to work, said Yin.

At the end of 2009, China's jobless rate was 4.3 percent. The government sought to keep the urban unemployment rate below 4.6 percent in 2010.

Some 18 million people joined government-subsidized vocational training programs last year, of which 6.67 million were migrant workers, he said.

Up to 90.7 percent of the 6.3 million college graduates who entered the job market last year had found jobs in 2010. Additionally, about 570,000 graduates received vocational training while 1.09 million learnt on how to start businesses, according to Yin.

University graduates' employment has always been one of the top tasks of the Chinese government, he said, noting that some 6.6 million university graduates would enter the job market this year.

By the end of last year, 30 of the 31 mainland provincial-level regions had raised the minimum wage level in 2010, with an average increase of 22.8 percent year on year.





 

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