China faces huge employment challenges

March 7th, 2012 - 5:19 pm ICT by IANS  

Beijing, March 7 (IANS) China faces huge employment challenges in 2012 brought about by a large number of job seekers and unbalanced job market, a minister said Wednesday.

Chinese cities and towns will see 25 million more people join the workforce this year, half of whom will be university and college graduates, while another 9 to 10 million rural residents will seek jobs away from home, Yin Weimin, minister of human resources and social security, said at a press conference during the ongoing parliamentary session.

While college graduates continue to complain of a lack of available jobs, Chinese factories are facing difficulties in recruiting workers and technicians, revealing structural problems in the job market, Xinhua quoted Yin as saying.

Yin said the Chinese government will introduce a package of measures aimed at expanding the job market and training workers, with a special focus on the employment of college graduates and rural migrant workers.

In a report released Monday, Premier Wen Jiabao said the government aims to create more than 12 million new jobs in cities and towns this year and kept the registered urban unemployment rate below 4.6 percent.

Last year, China added 12.21 million jobs in cities and towns and registered an urban unemployment rate of 4.1 percent.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe