Nine million urban Chinese employed
(Xinhua) Updated: 2006-10-27 09:41
A total of 9.32 million urban Chinese found employment in the first nine
months of the year, exceeding the 9 million target for the whole year, said the
Ministry of Labor and Social Security Thursday. This is the first time
in recent years that China has met its yearly target three months ahead of
time. Government support and guidance are key factors in the
achievement, said Zhou Tianyong, deputy director of the Research Office of the
Party School of the CPC Central Committee. About 3.92 million of the
people finding new jobs were laid-off workers and another 990,000 people
belonged to the "40-50 group", referring to men aged 50 or higher and women
older than 40. The rest are graduates from vocational schools and
institutions of higher learning, migrant rural laborers and others. The
ministry said there are still 8.35 million urban residents on the dole, with the
official unemployment rate standing at 4.1 percent, 0.1 percentage points down
from the first half of the year. With an estimated 10 million urban
Chinese joining the labor force each year, and 14 million laid-off workers
hunting for jobs, China still faces huge employment pressure. To
encourage enterprises to employ laid-off workers, the central government will
provide 25.1 billion yuan (3.1 billion U.S. dollars) of subsidies this year, 4.2
billion yuan more than last year.
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