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China sees improving employment conditions in Q2: report

Updated: Jul 24,2017 7:13 AM     Xinhua

BEIJING — China continued to see improving employment conditions in the second quarter of this year, a private survey showed.

The index evaluating job market supply and demand grew from 1.91 in Q1 to 2.26 in Q2, pointing to improving employment conditions, according to a survey jointly conducted by China Institute for Employment Research (CIER) under Renmin University of China and job-hunting website

A CIER index of above 1.0 means job supply outweighs demand, while below 1.0 indicates the opposite.

The report attributed the CIER index rise to an increase in job offers due to an expanding economy and drop in job applications as it is not the prime season for changing jobs.

The CIER index for internet and e-commerce sectors remained the highest, while energy, mining and property industries showed improving employment conditions.

The online gaming sector posted the strongest demand for professionals in the internet industry due to highly profitable prospects, the survey showed.

Employment conditions in China’s rust belt, the northeast region, also improved with the CIER index rising from 1.17 in Q1 to 1.33 in Q2, the report showed.

Some 7.35 million new jobs were created in China’s urban areas from January to June, up 180,000 from the same period last year. Both the national urban surveyed unemployment rate and the surveyed unemployment rate in 31 major Chinese cities stayed below 5 percent in June, official data showed earlier this week.