Urban employed increases by 7.37m
Print Edition
THE number of people employed in China’s urban areas grew by 7.37 million in the first half of 2014, with the unemployment rate remaining low at 4.08 percent, the Ministry of Human Resources and Social Security said yesterday.
The increase was slightly higher than the 7.25 million posted during the same period last year, bolstered in part by a nationwide scheme to help college graduates land jobs, according to ministry spokesman Li Zhong.
A total of 560,000 new graduates secured job offers during recruitment activities led by the ministry, which attracted more than 200,000 private enterprises, said Li.
At the end of June, China’s registered urban unemployment rate was 4.08 percent, the same as the first quarter and slightly lower than the 4.1 percent logged for 2013.
Yesterday’s steady employment figures came as the country’s economy showed resilience in the first half, with growth momentum rebounding in the second quarter from the first.
Economic growth accelerated to 7.5 percent in the April-June period, from 7.4 percent in the previous quarter, the National Bureau of Statistics said in mid-July.
Senior leaders have promoted a macroeconomic control strategy featuring “a proper range” — a lower limit to ensure steady growth and job creation and an upper limit to avert inflation.
In March, Chinese Premier Li Keqiang pledged to add more than 10 million jobs and keep the registered urban unemployment rate below 4.6 percent this year.
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