China鈥檚 job market stayed stable in Q1
Print Edition
China鈥檚 job market remained generally stable in the first quarter of 2024, with a total of 3.03 million new urban jobs created during the period, official data showed yesterday.
According to the Ministry of Human Resources and Social Security, the surveyed urban jobless rate stood at 5.2 percent in March, and the employment situation remained generally stable.
Calling it 鈥渁 good start鈥 for the year, Chen Yongjia, an official with the ministry, said the employment situation has remained generally stable, with main employment indicators staying steady in the first quarter.
Chen attributed this to the country鈥檚 economic recovery and the government鈥檚 policies to stabilize growth and promote high-quality development.
China set an annual target of creating more than 12 million new urban jobs by 2024 and aimed to keep the surveyed urban jobless rate at around 5.5 percent this year. Chen said the country will continue efforts to expand employment channels and foster new employment growth areas.
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