Job market kept stable despite virus By ZHAO YIMENG | China Daily | Updated: 2021-01-19 09:15 Share CLOSE A job seeker inquires at a company s booth at a job fair in Yichang, Hubei province, on Jan 2, 2021. [Photo by Wang Jianfeng/for China Daily]
COVID-19 epidemic hit retailers but created openings in digital economy
China s job market remained stable last year, according to data released by the National Bureau of Statistics on Monday, with an average surveyed unemployment rate in urban areas of 5.6 percent, below the government s annual target of around 6 percent.
Last month, the surveyed urban unemployment rate was 5.2 percent, and the figure was 4.7 percent among people aged 15 to 39, both unchanged from the same month in 2019.
COVID-19 epidemic hit retailers but created openings in digital economy
China s job market remained stable last year, according to data released by the National Bureau of Statistics on Monday, with an average surveyed unemployment rate in urban areas of 5.6 percent, below the government s annual target of around 6 percent.
Last month, the surveyed urban unemployment rate was 5.2 percent, and the figure was 4.7 percent among people aged 15 to 39, both unchanged from the same month in 2019.
A total of 11.86 million new jobs were created in urban areas last year-132 percent of the annual target.
Zhang Yanhua, an associate professor at China University of Labor Relations in Beijing, said the surveyed urban unemployment rate accurately reflected the effects of the government s proactive job policies in aiding economic recovery amid the COVID-19 epidemic.
Nation recommits to delaying retirements By Li Lei | China Daily | Updated: 2020-12-22 09:13 Share CLOSE An elderly woman plays badminton at Jingshan Park in Beijing on July 20, 2020. [Photo by Jiang Dong/chinadaily.com.cn]
Proposal calls for age requirement to be raised in a progressive manner
China reiterated its resolve to delay people s retirements in a recent landmark document, raising hopes of a legislative breakthrough in extending careers in a rapidly aging nation with young retirees.
When implemented, the move is expected to delay the payment of retirement benefits for millions of workers in a bid to ease payment pressure facing the nation s sprawling pension fund system.
Proposal calls for age requirement to be raised in a progressive manner
China reiterated its resolve to delay people s retirements in a recent landmark document, raising hopes of a legislative breakthrough in extending careers in a rapidly aging nation with young retirees.
When implemented, the move is expected to delay the payment of retirement benefits for millions of workers in a bid to ease payment pressure facing the nation s sprawling pension fund system.
Those born in the late 1960s will be among the first to be affected by the reform if details can be ironed out in the next five years.