Job Market Monitor
China
Wal-Mart in China – To invest in a three-year training program for 20,000 vocational school graduates
Wal-Mart Stores Inc is helping to launch a three-year training program across China with the aim of producing more than 20,000 vocational school graduates to meet the increasing demand of the retail job market. Wal-Mart China will team up with the China Chain Store and Franchise Association to initiate the Future Retail Star Training program, … Continue reading
China – Unemployment and labour shortage co-exist
Why do labour shortage and high unemployment co-exist in China? I analysed this in my book. More specifically, I explored the matching efficiency in the labour market by estimating the matching function between job offers and job seekers in urban labour markets in China based on search and matching theory. Figure 3 shows the values … Continue reading
China – An epidemic of overwork
China is facing an epidemic of overwork, to hear the state-controlled press and Chinese social media tell it. About 600,000 Chinese a year die from working too hard, according to the China Youth Daily. China Radio International in April reported a toll of 1,600 every day. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
iPhone 6 – 100,000 new jobs in China
Chinese manufacturing powerhouse Foxconn is preparing to assemble stuff like its never assembled stuff before, with reports from China suggesting the companys vast network of facilities may be employing an extra 100,000 workers to handle the logistics of making millions of iPhone 6s over the coming months. via iPhone 6 Production Explosion Creates 100,000 New … Continue reading
Haier Group – 26,000 Layoffs in two years
China based Haier, maker of appliances and consumer electronics, started 2013 with 86,000 employees worldwide, but that number is likely to be about 60,000 by the end of 2014. Most of those layoffs have already happened. The company laid off 16,000 workers in 2013, and by the end of May 2014 the number was at … Continue reading
Anti-China Riots in Vietnam – 60,000 workers lose jobs according to local media
Vietnams labor market was severely affected by its recent anti-China riots, which left 60,000 local workers jobless as many foreign-invested factories were forced to shut down for an indefinite date, local media reported Tuesday. Vietnams labor market was severely affected by its recent anti-China riots, which left 60,000 local workers jobless as many foreign-invested factories … Continue reading
Chinese jobs website Zhaopin seeking investment in US
Chinese jobs website operator Zhaopin Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of American depositary shares. SEEK International Investments Pty Ltd, controlled by SEEK Ltd, which provides online employment advertising, training courses and invests in online employment marketplaces, holds 79 percent of Zhaopin shares. Beijing-based Zhaopin … Continue reading
China vs US- On the basis of purchasing power parity, China’s economy is bigger
On Wednesday, the International Comparison Program, a statistical project coordinated by the World Bank, announced new data on the size of economies by purchasing power parity that suggests China’s economy is bigger than previously thought. But the latest news is anything but surprising. Regular GDP power rankings are compiled by converting a country’s gross domestic product into … Continue reading
China’s supplier to Adidas and Nike – The strike spreads
A strike at a Chinese factory that manufactures shoes for Adidas and Nike has spread to a sister factory in a neighbouring province, as thousands of workers gathered to protest against what they said were unfair pay and benefits. About 2,000 workers clocked in on Monday, but did not work, at the Yue Yuen factory … Continue reading
China’s grads – Shanghai the top pick for job
A recent survey shows that Shanghai has become the favorite place for China’s college graduates to find a job, overtaking the capital Beijing. From over 50,000 students at more than 100 colleges who were surveyed by the 21st Century English Paper of the English-language China Daily, 27% said Shanghai is their first choice for a … Continue reading
Asia – The evolution of income distributions, inequality, and poverty between 1992 and 2010
The incidence of poverty in the Asian region is quite high despite the spectacular growth performance of the PRC, India and other economies in the region. According to the 2013 World Development Indicators, 12.5% of the population in East Asia and 31% of the population in South Asia are below the $1.25/day poverty line used … Continue reading
Apple – Foxconn to hire 15,000 more workers
Foxconn wants to expand further beyond its roots as a parts supplier, and it’s looking to hire enough people to push that effort. The Taiwan-based company also known as Hon Hai announced this past weekend that it plans to hire 15,000 employees in its native country, The Wall Street Journal reported on Monday. The hiring … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
China / Balanced economic reforms for continued job creation
Taken at face value, China’s recent 2013 jobs data present a healthy picture of growing employment. The government reported a “record high” 13.1 million new urban jobs were created and, despite slowing GDP, headline unemployment remained relatively low at 4.1 percent. This led government spokesman Li Zhong to assert that the Chinese economy is “more … Continue reading
China / Fierce regional competition for skilled workers
China’s coastal cities are facing the pressure of a severe labor shortage as the country’s western interior catches up as a magnet for skilled workers. The situation came to the fore following publication of a survey on Monday showing a shortfall of 123,300 workers in Guangzhou, capital of south China’s Guangdong Province. Eighty percent of … Continue reading
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