Product Innovation Times
SEE OTHER BRANDS

Get your daily news on consumer products

China’s job market remains stable in spite of obstacles

(MENAFN) China’s labor market has remained relatively steady despite facing mounting global and domestic hurdles, thanks to a series of strategic actions implemented by national and regional authorities aimed at bolstering employment and helping businesses keep their staff.

Recent figures show that the nationwide urban unemployment rate stood at an average of 5.2% during the first six months of the year. This marks a 0.1 percentage point decrease from the first quarter, suggesting a consistent and stable employment environment.

With the global landscape becoming more uncertain and difficult to navigate, the director of a major employment research center, Zhang Chenggang, highlighted the importance of unified action to address these issues. “We must fully counter the impact of external pressures and domestic economic shifts on employment,” Zhang stated. He stressed the need for a variety of strategies to ensure jobs are not only preserved but also of high quality.

To further stabilize employment, the country’s top administrative body recently released a directive outlining enhanced policy efforts. According to reports, seven key initiatives were introduced. These include widening access to targeted loans intended to preserve employment, increasing unemployment insurance rebates for qualifying businesses, and expanding social insurance subsidy programs.

MENAFN06082025000045017281ID1109893128

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms & Conditions