A Closer Look

China’s Job market | Small companies are confronting growing difficulties

A slowdown in China’s economy has not caused employment woes, officials have claimed, but they also warned of challenges as the country’s small companies are confronting growing difficulties.

The country’s urban registered unemployment rate stood at 4.1 percent in the first three months of 2012, according to figures released on Wednesday by the Ministry of Human Resources and Social Security (MOHRSS). It means the rate has remained constant for seven consecutive quarters.

This was well below the government’s 4.6-percent annual target set for this year.

A total of 3.32 million new jobs were created in urban areas in the first three months of this year, up 9.6 percent from a year earlier, MOHRSS spokesman Yin Chengji said at a press conference. The government vowed to create more than 9 million new jobs in towns and cities this year.

Yin said a sluggish global market, rising trade protectionism and a slowdown in the national economy will all pose challenges to the country’s employment situation in 2012.

He added the impact of an economic slowdown might appear later in the year because of a delay effect…

Source:

Read More @ Job market challenges as unemployment remains steady | Economy | chinadaily.com.cn.

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