BEIJING — China’s job market has proved resilient despite slowing economic growth with more than 13 million new jobs expected to be created this year, said a senior Chinese official.
China’s registered urban jobless rate will remain at a “relatively low” level, Yin Weimin, China’s human resources and social security minister, said on Dec 25 at a work conference, without giving a specific figure.
The new jobs numbers will beat the government’s full-year target of at least 10 million jobs. China’s gross domestic product (GDP) expanded 7.4 percent year on year in the first three quarters.
At the end of September, China’s urban registered jobless rate stood at 4.07 percent, lower than the annual employment control rate of 4.6 percent targeted by the government. China added 10.82 million jobs in the first nine months.
Yin’s remarks mean that more than 2 million jobs are expected to be created in the fourth quarter.