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China – Country creates more than 13 million new jobs in 2016 (LiveMint)
By memberservices@staffingindustry.com (Danny Romero)
China has created more than 13 million new jobs in 2016, reports LiveMint with data from the Ministry of Human Resources and Social Security. The creation of the 13.14 million new jobs for urban residents exceeded the full-year target of 10 million. Meanwhile, the registered unemployment rate stood at 4.02%, which was below the government’s target of 4.5%. However, the ministry stated that concerns remained over a huge incoming workforce and a supply-demand mismatch for skilled workers, which could put pressure on the labour market.
Source:: China – Country creates more than 13 million new jobs in 2016 (LiveMint)
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