Tag: stable recovery of employment

  • China sees stable recovery of employment

    China sees stable recovery of employment

    By Li Jie, People’s Daily Overseas Edition
    A total of 5.64 million new urban jobs were created by China in the first half of 2020, achieving
    63 percent of the annual target, and the surveyed unemployment rate in urban areas stood at 5.7
    percent in June, said the country’s Ministry of Human Resources and Social Security (MOHRSS)
    during a press conference held on July 21.
    As China steadily advances its work resumption and implements measures to stabilize
    employment, a rising demand is seen in the labor market and employment is gradually getting
    back to stability.
    The country has recruited 554,000 employees for over 10,000 key enterprises, and sent more than
    6 million migrant workers back to work by chartered flights, trains and buses. The MOHRSS
    figures also indicated that the registered unemployment rate in urban areas stood at 3.84 percent,
    and the market demand turned from a drastic decline when COVID-19 firstly broke out to positive
    growth.
    “The employment went through a low-to-stable progress in the first half of the year,” said Zhang
    Ying, an official with the MOHRSS. The gradual recovery of employment came from the effective
    COVID-19 response, orderly work resumption, gradual pickup of economy and the targeted
    policies launched by the MOHRSS, Zhang introduced.
    A series of policies to stabilize employment were rolled out in the January-June period during
    which insurance premiums worth 63.6 billion yuan were returned to over 4.34 million enterprises
    to help them sustain stable payrolls, benefiting 100 million employees. Besides, 40.5 billion yuan
    worth of employment subsidies were also handed out.
    China has launched comprehensive online recruitment services since the beginning of this year,
    including an online recruitment activity carried out by the MOHRSS in which the ministry
    released information of 27.61 million jobs and received nearly 20 million resumes. The ministry
    also launched a recruitment campaign for the private sector, and more than 2 million pieces of job
    information have been released.
    By taking a series of measures, China ensured the employment of impoverished migrant workers.
    As of the end of June, the number of impoverished rural workers finding jobs in urban areas had
    reached 28.3 million, outnumbering the total from last year.
    The reduction and exemption of corporate social insurance premiums are an important measure
    taken to counter the impacts from COVID-19. As of the end of June, employers saw a decline of
    576.9 billion yuan in insurance payments related to old-age, unemployment and work-related
    injuries, and payments worth 43.1 billion yuan were postponed over the period
    In June, relevant departments extended the implementation of the policy to reduce and exempt
    corporate social insurance premiums. According to Nie Mingjuan, head of the pension and
    insurance office at the MOHRSS, the policy will remain valid till the end of the year, and the total
    premium reduction is expected to reach 1.6 trillion yuan.
    “The unprecedented intensity and scale will help lift enterprises out of adversity, and stabilize and
    expand employment,” Nie said.
    The proportion of enterprise workers basic pension funds under central government allocation was
    raised to 4 percent this year. A total of 740 billion yuan was allocated by the central government,
    and the inter-provincial allocation stood at 170 billion yuan. As of mid-June, the second-quarter

    fund had all been allocated, which offered firm support for provinces with difficulties to pay the
    basic pension.
    On July 21, the MOHRSS issued a ranking of the top 100 most wanted jobs in the second quarter,
    which suggested a larger short labor supply in the manufacturing sector, especially metal heat
    treating, foundrymen, fitters and riveters.
    It is reported that the MOHRSS will hold the first national skill contest this year, and make it a
    biennial event. The contest has the same competitions with the WorldSkills, and also adopts those
    closely related to economic and social development, as well as people's lives, covering
    manufacturing, information communication, construction, transportation and life services.
    “The high-level skill contest helps promote skill training, and is estimated to propel nearly a
    million people to participate in provincial and municipal contests,” said Zhang Lixin, director of
    the ministry’s Department of Vocational Capacity Building. These measures will all improve the
    quality of the workforce, and offer support for economic restructuring and high-quality
    development, he added.
    Zhang introduced that China has a workforce of nearly 800 million people, including 200 million
    technical workers. They are an important foundation for China’s manufacturing and creation,
    playing an important role in promoting high-quality economic development. The national skill
    contest will spur the enthusiasm, initiative, and creativity of technical workers, and play a leading
    and guiding role for building a workforce that is knowledgeable, skillful and innovative.