Job Market Monitor
China
Microsoft – 1,000 new jobs in China
Microsoft will hire 1,000 staff in China over the coming year, adding to the 4,500 the company already employs in the country, a senior executive said on Thursday. The move is aimed at strengthening the company’s position in a market it sees as key to future growth, but where software piracy and regulation remain serious … Continue reading
U.S. trade deficit with China cost 2.7 million jobs
The U.S. trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs between 2001 and 2011, a new Economic Policy Institute briefing paper finds. The China toll: Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state, by EPI’s Director of Trade … Continue reading
China – More than 75 percent of the country’s urban jobs are created by small enterprises
Human resource analysts have called for greater efforts on the part of the government to create new jobs, as the country’s economic slowdown has created a grave employment situation, a major newspaper reported Tuesday. The overseas edition of the People’s Daily, the flagship newspaper of the Communist Party of China (CPC), cited experts as saying … Continue reading
China – Motorola employees protest layoffs
More than 100 employees of the Beijing branch of Motorola Mobility demonstrated in front of the company’s building on Friday, protesting massive staff cuts. Staff members of Motorola Mobility Holdings Inc in Beijing protest in front of the company’s office building on Friday demanding “consultation on an equal footing”. [Provided to China Daily] On Monday, … Continue reading
China – New law will not protect labor rights of foreigners working without a work permit
Courts will not protect welfare or other labor rights of foreigners working without a work permit, even workers under contract, if a draft law is passed. Foreigners without a work permit or an expert certificate — a license issued by the government to some foreign workers with proven talent and expertise in their field — … Continue reading
China – Half of this year’s record high 6.8 million new college graduates are still struggling to find jobs
Hang Peng, Beijing, said, “This bachelor degree certificate used to be a magic key for Chinese grads to a high-paid job. But now, for many of them here, its really little more than permission to rent a bed in a job-seekers’ dormitory. This is a three-room apartment. But it’s been transformed into a crowded dorm … Continue reading
China – Nokia Siemens Networks plans more layoffs
Nokia Siemens Networks, the world’s fourth-largest telecom gear maker, is planning to lay off around 300 employees in China. This will be the company’s second layoff in China this year. In March, it cut 350 jobs in the Chinese market. A China-based Nokia Siemens Networks official, speaking on condition of anonymity, said the layoff announcement … Continue reading
China – Job Gap – Workers leaving cities and going back to their home towns
Migrant workers who look for jobs in cities in China are now leaving the cities and going back to their home towns as jobs losses mount amid economic slowdown. This wave of migrant workers leaving cities emerges for the first time since the financial crisis 2008/09. A lot of migrant workers who were originally living … Continue reading
China – A demographic perfect storm is coming
The idea that the so-called “demographic dividend” is coming to an end for China is not a new one. Yet not many people are sufficiently aware of the consequence of ageing (and shrinking) population. Population ageing poses a headwind to asset prices, real estate in particular. Population ageing is somewhat associated with lower inflation (if … Continue reading
China – Slower growth but tight job market
Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China. Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around a … Continue reading
US – 83% Negatively View Corporations that Outsource to China
U.S. voters across the political spectrum overwhelming have negative views of companies that outsource jobs to China and strongly support Buy America provisions, according to a poll released today by the Alliance for American Manufacturing. Voters also say strengthening manufacturing in the United States is a top economic priority and they back the creation of … Continue reading
China – Vocational training for disabled stengthened
China will strengthen vocational training for the disabled population and help them find jobs through a variety of rehabilitation programs, according to a joint notice issued Monday. The notice, issued by the China Disabled Persons’ Federation (CDPF) and two ministries, requires relevant government agencies to subsidize training programs and offer free information and employment services … Continue reading
China – Skills Gap May Ease Slowdown
Wages are still climbing rapidly in China and many companies are having trouble filling jobs despite the sharp economic slowdown here—evidence of a structural shortage in the labor market that may help China adjust to slower growth without political instability and whet consumer appetites for foreign goods. Reflecting the tight labor market, wage income for … Continue reading
China – Growth rate slowed for a sixth successive quarter
China’s growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilize the economy. Year-on-year growth of 7.6 percent in the second quarter was a whisker above … Continue reading
China’s job market – Cracks are appearing
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. Like politicians the world over, Chinese leaders’ biggest single economic worry is whether unemployment is under control, and analysts say the job outlook will help determine whether they launch … Continue reading
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