Yupo Recovery Next Key Barriers To China's Economic Security Of Employment - The Financial

Suffering in the crisis, China has more than a year

, while the United States has more than two years. Through time have long or short, but now the economy is going in the recovery. Although there are concerns on the economy second bottom, including macroeconomic policy and the economic operation of the movement, and the current U.S. real economy problems are most concerned about rising unemployment.

Global common: no jobless recovery 8 months, the U.S. unemployment rate increased to 9.7%, the highest point in 26 years. However, the actual unemployment situation worse. As the crisis durable, many people have given up looking for a new job, or turn to become a part-time, which was the official unemployment statistics exclude the.

Even so, economists generally believe that the official U.S. unemployment rate rose to double digits within a few months. Some economists even believe that the real unemployment rate in July has been a 16%.

President Barack Obama and Fed Chairman Ben Bernanke agreed that the high unemployment rate also continued into 2011 or later time; the employment impact of the U.S. economic recovery has become one of the most critical obstacle. One view is very telling is that many economists believe that interest rates and the unemployment rate to reach the peak point is associated.

Statistically speaking, the situation seems better in China, announced the unemployment rate is 4.3% registered. But in fact, our unemployment statistics more coverage limitations, not fully reflect the employment situation of the whole society. Early Academy of Social Sciences published the report, China's urban unemployment rate was 9.4%; the grassroots of civil society argue that the unemployment rate is 14%.

Economy started to recover, even in some Chinese enterprises in the shortage of workers along the coast, but China's overall employment situation remains severe.

9 9, Human Resources and Social Security Minister Yin Weimin said at a news conference, 1 August this year, newly employed people was 7.57 million, 9 million to complete the task goal of the year to 84%.

Estimates down, new jobs are expected full year 1100 to 1200 million, far more than the 900 million target set early task. This is a hard-won achievement. Data show that over the past decade, China's GDP growth of 10%, providing about 10 million jobs. GDP growth this year may just be more than 8%, while the new position but increased greatly. Of the Government's 4 trillion stimulus plan and other employment promotion policies, and achieved great results.

However, the total number of persons in need of employment this year, more than 2,400 people, so the job market remains tight.

The social impact of employment Have two main concerns, first, worried that drag the pace of economic recovery, and second, concerns affect stability.

Employment and economic recovery is interactive, but fundamentally, economic recovery is the result of employment growth is the result. High unemployment will affect consumer spending and drag on economic recovery. Economic recession, business in order to survive, often through layoffs, raising labor productivity and reduce costs. And to the economy recovers, companies will not immediately increase the staff. This has led to the economic recovery process although the situation improved business operations, but the employment situation will not immediately follow, the unemployment rate remains high, income is still down. Recovery in employment relative economic recovery is delayed, but the economic recovery, and employment will eventually recover.

Recently the author and the Department of the concerned people exchanges, talked about the employment situation of social stability. Migrant workers and university graduates are now two key employment groups are stable, no bad situation expected. Current employment in rural areas is a big reservoir, expansion of employment of migrant workers are very flexible. Even in the end, the job earlier this year trough, not working up to is returned to the countryside, rather than a rash groups.

by: gaga

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