A total of 7.18 million people found employment in the first half of 2015, which equals over 70 percent of China’s goal of finding jobs for 10 million people this year.
By the end of the second quarter, the registered urban unemployment rate reached 4.04 percent, a 0.04 percentage point drop year on year. The unemployment rate in 31 surveyed cities has continued to drop since April.
The employment rate, one of the economic indicators, was previously a cause for concern as economic growth is slowing down. The number of migrant workers increased between March and June, reaching the highest number ever over the same period.
Xin Changxing, vice minister of human resources and social security, said the employment index held steady and is continuing to trend up, indicating that “the Chinese economy is running at a proper range.”
In the first half of the year, the added value of the tertiary industry increased 8.4 percent, 2.3 percentage points more than the secondary industry. The tertiary industry accounted for 49.5 percent of the GDP in the first half of the year, 2.1 percentage points more than last year. Meanwhile, the number of employees in above-scale enterprises increased 2.79 million year on year, accounting for over 40 percent of all employees.
As a result of administration streamlining and power delegation, 20.01 million new enterprises were registered in the first half of the year, an increase of 19.4 percent year on year.
“China has the world’s largest population, so we need our economy to maintain proper growth to relieve the employment pressure,” said Mo Rong, director of the Institute of International Labor and Social Security under the Ministry of Human Resources and Social Security.
“The most effective measure is to create more job during economic restructuring,” Mo added.