China – Labour Market sees increasing demand and fall in the number of jobseekers for Q2

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By memberservices@staffingindustry.com (Danny Romero)

Zhaopin Limited, a Chinese career platform, and the China Institute for Employment Research (CIER) at Renmin University have released the CIER Employment Index Report for the second quarter of 2017. The report shows that the labour market in China is becoming more favourable for jobseekers due to increasing labour demand and a decline in the number of jobseekers.

The CIER index in the second quarter of 2017 rose to 2.26, from 1.93 during the same period of 2016, indicating the labor market had improved with the economy. The CIER index tracks the ratio changes between job vacancies and job seekers in a variety of industries and cities across the country, and identifies the overall trend in China’s employment market.

According to the report, after the peak season for job hopping in the first quarter, many job seekers already found new jobs, which led to the decline in job applicants in the second quarter of 2017. The rising CIER index indicated that the labour market in China became more favorable for job seekers.

Zhaopin’s data showed that total online recruitment demand in China rose 36% year-over-year in the second quarter of 2017, compared with a 52% year-over-year growth in the first quarter of 2017.

The internet/e-commerce sector was the best-performing sector in the second quarter of 2017, with recruitment demand far exceeding the number of job seekers and a CIER index of 9.06. The worst-performing sector was the Printing/packaging/papermaking sector with a CIER index of 0.35.

Meanwhile, Eastern China saw the highest CIER index score of 2.03, followed by 1.76 for Central China and 1.67 for Western China. Among all regions, Central China had the fastest growth in job demand at 61% year-over-year in the second quarter of 2017.

The CIER index grew for companies of all sizes year-over-year, except for micro-sized companies. Many of these micro-sized companies were start-ups. With a decline in investment this year, some start-ups were struggling to survive.

Zhaopin states that the CIER index is very likely to increase significantly in the third quarter of 2017 due to strong seasonal factors.

Source:: China – Labour Market sees increasing demand and fall in the number of jobseekers for Q2

      

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