China has created more than 10 million urban jobs in the first ten months, meeting the target for the entire year two months before, a senior official said.
An influx of 10 million job seekers into cities has put pressure on the Chinese government to generate more jobs for urbanites.
“Employment situation in China has been stable this year, with the first ten months completing 113 per cent of the nine-million-job target set for the whole year,” Vice Minister in the Ministry of Labour and Social Security Zhang Xiaojian said.
The country’s urban unemployment rate was four per cent by the end of September, down from 4.1 per cent recorded at the end of last year, Zhang said. He added that 95.7 per cent of the country’s former “zero employment” families had at least one person finding jobs again.
With more college graduates entering the job market each year, employment issue would become “more protruding”, Zhang said at a conference here, according to Xinhua news agency.
More than 100 million “young migrant workers” born after 1980 had migrated to Chinese cities, according to Zhang, who warned their employment prospect was “grim” and “globalisation would increase the risk of unemployment”.
Data showed that 11.84 million urban Chinese found jobs last year, the first time that the number of newly employed urban people exceeded 10 million in one year.