China creates 12m new jobs, surpasses 9m goal
Source: Xinhua |
December 19, 2012, Wednesday
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Print Edition
Print Edition
IN the first 11 months of this year, 12.02 million new jobs were created in China, surpassing the goal of 9 million, the Ministry of Human Resources and Social Security (MHRSS) said yesterday.
The urban registered unemployment rate stood at 4.1 percent at the end of September, below the annual target of 4.6 percent, said Minister Yin Weimin.
The employment situation has been better than expected this year amid the backdrop of slowing global economic recovery and downward pressures weighing on the domestic economy, Yin said.
He added that in 2013, China will not let go of its goals of an annual target of creating at least 9 million new urban jobs and keeping the unemployment rate below 4.6 percent.
Zhou Tianyong, a professor with the Party School of the Central Committee of the Communist Party of China, said the double-digit economic growth in China's central and western regions has been a major engine for creating job opportunities.
In the first half of 2012, the increased urban employed population in central and western China expanded 9 percent and 14 percent, respectively.
Meanwhile, massive layoffs have also been rare this year, as a continuous labor shortage left employers more prudent about staff cuts, Zhou said.
China's total urban population in search of jobs reached 25 million this year, far exceeding the 12 million new jobs created annually in recent years, ministry data show.
Analysts pointed out that in addition to the pressure to create more jobs, there is a notable gap between the skills of the unemployed and the skills required for certain positions.
Most industries in China are currently facing a serious shortage of skilled workers. The manufacturing sector alone, according to the MHRSS, is in need of about 4 million senior technicians.
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