The annual increase in pay for China’s 163 million migrant workers almost halved in 2012, an official survey showed on Monday, signaling a looser labor market as economic growth slows.
The average monthly wage of migrant workers grew 11.8 percent in 2012 from the previous year to 2,290 yuan ($370). That marked a sharp slowdown from the annual 21.2 percent surge in 2011, according to the latest survey by the National Bureau of Statistics.
The survey of China’s rural labor force showed the number of migrants working outside their home towns grew 3 percent in 2012 from the previous year to 163.4 million. The pace eased from 3.4 percent in 2011.
The survey reinforced signs that China’s export-oriented coastal provinces face growing competition from their inland counterparts as more migrants seek and find jobs closer to home.
Chosen excerpts by Job Market Monitor
via China’s migrant worker pay growth nearly halved in 2012 – chicagotribune.com.
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