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Less rosy view over jobs, income
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CHINESE urban residents are less confident about their income and employment prospects and more consider home prices too high, a People’s Bank of China survey showed yesterday.
An index measuring urban residents’ sentiment about their income dropped to 45.3 percent in the fourth quarter, 2 percentage points lower than the third quarter and was the lowest since comparable data were available from 2010.
An index measuring their expectations about future employment also declined 1 percentage point from the third quarter to 45.3 percent in the fourth.
The survey, covering 20,000 residents, found 11.7 percent of the respondents saying it’s easy to get a job while 43.4 percent said it’s difficult or they were unclear about the situation.
Meanwhile, 52 percent of the residents said they consider home prices as “high and unacceptable,” up 2.4 percentage points from the third quarter.
A separate central bank quarterly survey of business owners, which was also released yesterday, found 55.8 percent of them saying the economy was “relatively cool,” while an index measuring their confidence dropped 18 percentage points year on year to 46 percent.
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