China'S Unemployment Rate Increases To Full Ball Problem

According to a report released by the Chinese Academy of Social Sciences, the unemployment rate in urban China has climbed to 9.4% (9.4% is the data released by the Chinese Academy of Social Sciences' social blue book).

This data is two times more than the statistics released by the government at the end of the three quarter of the urban registered unemployment rate of 4%. In 2009, the proportion of 6 million 100 thousand graduates who had difficulty in employment may account for 1/4.

"The problem of College Students' employment is closely related to the phased characteristics of China's current economic growth. It is not something we can change in the short term. This year coincides with the economic situation, and the employment of university students is more severe than before. But the more serious problem is the employment of migrant workers."

Deputy director Zhang Chewei told reporters that the current employment pressure comes mainly from the layoffs, stoppages and closures of some export oriented enterprises, causing many migrant workers to return home in advance.

According to relevant information, there are about 230 million migrant workers in China, of whom about 130 million are migrant workers.

This "new force" has played a great role in promoting China's modernization process and has become an important part of China's industrial workers.

However, in the current international financial crisis, the most influential labor-intensive enterprises are also more concentrated among migrant workers.

Not long ago, the National Bureau of statistics conducted a quick survey of five major labor provinces in Sichuan, Henan, Anhui, Hubei and Hunan. The data obtained were that the migrant workers who returned in advance accounted for 5% to 7% of the total number of migrant workers.

According to the recent data survey of 10 provinces and cities by the fixed observation point, the Ministry of agriculture concluded that the early return of migrant workers accounted for 6.5% of the total number of migrant workers.

Therefore, with 6% of the estimated traffic, 7 million 800 thousand of the 130 million migrant workers in the country have returned home early.

This figure will also expand rapidly by the Spring Festival in 2009.

When cities can no longer provide enough job opportunities for migrant workers, many of them will have to choose to stay in the countryside.

An insider told China Economic Weekly.

In fact, the seriousness of unemployment has gradually emerged since the third quarter of 2008.

According to Zhang Xiaojian, Vice Minister of the Ministry of human resources and social security, the employment situation in China basically remained stable from 1 to September in 2008, and the registered unemployment rate was effectively controlled.

Since October, three changes have taken place in the employment situation.

First of all, the growth of new employment in cities and towns is declining; secondly, the demand for employment of enterprises has declined; three is the serious loss of existing jobs.

"This number is rare in the past 10 years.

The employment of migrant workers is mainly in the industrial production sector, mainly concentrated in the second industry. The increase in industrial added value slows down, which means that the financial crisis has indeed spread to China's real economy, and its impact on China's economy has begun to appear.

According to Zhang Chewei, the source of China's economic growth is mainly driven by the second industry. "Under normal circumstances, the industrial added value of the two industry is maintained at 14% or 15%, and now it is so low that it is very worrying."

"Three changes and the November industrial added value show that it is very important for us to grasp the current situation of stabilizing employment as China's top priority."

An insider analyzed the China Economic Weekly.

According to a report released by the Chinese Academy of Social Sciences, the unemployment rate in urban China has climbed to 9.4% (9.4% is the data released by the Chinese Academy of Social Sciences' social blue book).

This data is two times more than the statistics released by the government at the end of the three quarter of the urban registered unemployment rate of 4%. In 2009, the proportion of 6 million 100 thousand graduates who had difficulty in employment may account for 1/4.

"The problem of College Students' employment is closely related to the phased characteristics of China's current economic growth. It is not something we can change in the short term. This year coincides with the economic situation, and the employment of university students is more severe than before. But the more serious problem is the employment of migrant workers."

Deputy director Zhang Chewei told reporters that the current employment pressure comes mainly from the layoffs, stoppages and closures of some export oriented enterprises, causing many migrant workers to return home in advance.

According to relevant information, there are about 230 million migrant workers in China, of whom about 130 million are migrant workers.

This "new force" has played a great role in promoting China's modernization process and has become an important part of China's industrial workers.

However, in the current international financial crisis, the most influential labor-intensive enterprises are also more concentrated among migrant workers.

Not long ago, the National Bureau of statistics conducted a quick survey of five major labor provinces in Sichuan, Henan, Anhui, Hubei and Hunan. The data obtained were that the migrant workers who returned in advance accounted for 5% to 7% of the total number of migrant workers.

According to the recent data survey of 10 provinces and cities by the fixed observation point, the Ministry of agriculture concluded that the early return of migrant workers accounted for 6.5% of the total number of migrant workers.

Therefore, with 6% of the estimated traffic, 7 million 800 thousand of the 130 million migrant workers in the country have returned home early.

This figure will also expand rapidly by the Spring Festival in 2009.

When cities can no longer provide enough job opportunities for migrant workers, many of them will have to choose to stay in the countryside.

An insider told China Economic Weekly.

In fact, the seriousness of unemployment has gradually emerged since the third quarter of 2008.

According to Zhang Xiaojian, Vice Minister of the Ministry of human resources and social security, the employment situation in China basically remained stable from 1 to September in 2008, and the registered unemployment rate was effectively controlled.

Since October, three changes have taken place in the employment situation.

First, the growth rate of new employment in urban areas is decreasing; secondly, the employment demand of enterprises has declined; the three is the serious loss of jobs in enterprises.

"This number is rare in the past 10 years.

The employment of migrant workers is mainly in the industrial production sector, mainly concentrated in the second industry. The increase in industrial added value slows down, which means that the financial crisis has indeed spread to China's real economy, and its impact on China's economy has begun to appear.

According to Zhang Chewei, the source of China's economic growth is mainly driven by the second industry. "Under normal circumstances, the industrial added value of the two industry is maintained at 14% or 15%, and now it is so low that it is very worrying."

"Three changes and the November industrial added value show that it is very important for us to grasp the current situation of stabilizing employment as China's top priority."

An insider analyzed the China Economic Weekly.

According to the prediction of relevant departments, the above measures are in place, which can help enterprises to reduce their pressure and burden by hundreds of millions of yuan, stabilize tens of millions of jobs and play a positive role in maintaining the stability of the current employment situation.

Subsequently, the annual central rural work conference closed in Beijing is also highly concerned about the increasing employment difficulties of migrant workers and the return of some migrant workers.

The conference proposed that peasant workers should be encouraged to develop agricultural products processing industry, rural two or three industry, ecological agriculture and county small and medium-sized enterprises.

In terms of venture capital, China will encourage and guide financial institutions to increase credit support and provide financial products that meet the characteristics of migrant workers returning home to start businesses.

Migrant workers returning home to start their own businesses belong to government discount projects. They should give financial discount in accordance with the regulations to help them solve the difficulties of venture capital.

The meeting also requested that, in combination with the promotion of new rural construction, innovation of the rural small infrastructure construction system and mechanism, we should organize and guide migrant workers returning home to take part in the reconstruction of rural dilapidated houses, rural primary and secondary schools and vocational schools, township public health centers, family planning reproductive health service institutions, and cultural facilities.

"In 2009, when the employment situation of migrant workers is very serious, it is not only an economic problem but also a social problem to maintain steady and rapid development of agriculture and rural economy.

It is of great significance to expand employment channels for farmers to alleviate various contradictions and promote social harmony.

Sun Zhengcai, Minister of agriculture, said at the central rural work conference.

According to the world bank, the employment crisis will be over two hundred million next year. According to the information times, the financial crisis originates from the subprime mortgage market in the United States has begun to affect the real economy, and all walks of life are struggling. Enterprises are busy preparing for the "winter". With the advent of wage cuts, the world's "economic cold winter" is expected to be staged after World War II.

World Bank President Robert Zoellick said yesterday that the global economic situation may be even worse in the first half of next year, and that the unemployment rate will increase the pressure of governments.

The financial and economic problems that broke out this year could turn into the employment crisis by next year.

The International Labour Organization has also issued a warning that by the end of 2009, the financial crisis could increase the number of unemployed people in the world from 190 million in 2007 to 210 million, creating a new high of nearly ten years.

In China, this week, the Chinese Academy of Social Sciences released the 2009 social blue book, which predicted that the unemployment rate of college students will exceed 12%. The pressure of employment will further increase next year, and the unemployment rate will exceed 9.4%. It will be about 3 times the registered unemployment rate, and 1 million 500 thousand of college students will not be able to obtain employment at the end of 2008.

Recently, there are reports that 130 million of the 7 million 800 thousand migrant workers have returned home early. The pressure of employment will face a real test after the Spring Festival.

The global unemployment rate exceeds two hundred million. The International Labour Organization has issued a warning that by the end of 2009, the financial crisis could increase the number of unemployed people from 190 million in 2007 to 210 million.

This will be the first time in the past 10 years that the number of unemployed people in the world has exceeded two hundred million.

The organization said that the financial industry will take the lead in laying off a wave of layoffs in the financial turmoil. The US in the center of the vortex is the first to bear the brunt. In December 5th, the data released by the US Department of labor showed that the unemployment rate rose to 6.7% in November this year, the highest level in 15 years.

Since last year, Wall Street has lost 120 thousand jobs and will further lay off 240 thousand people in the next two years.

In the real economy, the most serious ones are manufacturing and service industries.

The sharp decline of advertising expenditure caused by the financial crisis has also made the printing media industry face severe challenges.

The research data released by the famous American Vocational consultancy company show that by the end of this year, there will be 180 thousand unemployed people in the global IT industry, which are affected by the financial tsunami, and these laid off employees come from many famous IT enterprises such as YAHOO, HP and Nortel.

This is also the largest number of layoffs in the IT industry since 2003.

According to a global survey conducted by advisory agency Tao Yuan last month on the "pay in crisis", 40% Asian companies were going to reduce the year-end bonus, and 5% of the enterprises considered a lot of layoffs.

The unemployment rate in China's cities and towns has risen to 9.4%, and the problem of unemployment among migrant workers has been highlighted. According to China Economic Weekly, the current financial crisis almost affects all industries in the world, and Chinese enterprises are naturally bound to avoid it.

A few days ago, Chen Quansheng, a counselor of the State Council of China, pointed out that under the heavy pressure of the global financial crisis, 67 small businesses in China were forced to close this year, and about 6 million 700 thousand of the jobs were evaporated so that the number of unemployed people was far higher than the official statistics of 8 million 300 thousand.

In response to this problem, Premier Wen Jiabao of the State Council, during his inspection in Chongqing recently, asked enterprises not to lay off workers easily and to do everything possible to stabilize employment.

The Ministry of human resources and social security, the Ministry of Finance and the General Administration of Taxation issued a joint circular recently, taking five major measures, such as social insurance premiums, to reduce the burden on enterprises.

The central rural work conference, which has just concluded in Beijing, is also highly concerned about the increasing employment difficulties of migrant workers and the return of some migrant workers.

In order to maximize the scope of employment and increase income, we should implement policies and measures to solve the problem of migrant workers, expand the agricultural industrial chain, the construction of rural infrastructure and the employment capacity of the two or three industry in the rural areas.

"The positive response of the government will play a certain role in easing the pressure on employment next year. But because the financial crisis is global, it is not easy to solve the problem of employment immediately, and we still need to make great efforts."

Relevant personage analyses to the reporter.

The employment of migrant workers is a "big problem". "At present, the impact of the financial crisis on the employment situation is more and more unexpected than we expected at the beginning. From the current situation, it is much more serious than the initial stage."

Zhang Chewei, deputy director of the Institute of population and labor economics, Chinese Academy of Social Sciences, said in an interview with China Economic Weekly.

Employment has become a global problem. The director general of the International Labour Organization, sumovia, points out that governments need to implement an economic rescue plan for families and jobs to provide more jobs for the unemployed.

The government should focus on promoting the development of the real economy and concentrating resources on small businesses to create more jobs.

Zelik, President of the world bank, said that whether the economy will improve next year will depend on how governments cooperate to implement monetary and fiscal policies, and whether countries can avoid taking protective measures.