China – 42.8 Percent believe the job market faces “a severe situation”

Many mainland residents may not be as confident as Premier Li Keqiang in the prospects of the job market, a survey conducted by the People’s Bank of China indicated.In the third-quarter survey carried out by the central bank with urban depositors, 42.8 per cent of residents believe the job market faces “a severe situation” while finding jobs is difficult, with some feeling the prospects are “uncertain”.

Only 12.9 per cent of residents feel the employment situation is good and finding a job is easy, while 44.3 per cent think it is just “so, so”.

Despite this, general employment perception managed to climb a bit, rising to 39.2 per cent from 38.6 per cent in the previous quarter, according to a statement posted on the central bank’s website. Job expectations also rose to 48.2 per cent from 47.8 per cent over the period.

Li has claimed that the job situation’s importance exceeds the rate of economic growth.

Chosen excerpts by Job Market Monitor. Read the whole story at China’s job market said ‘severe’, finding work difficult – survey | South China Morning Post.