Chinese employers' hiring
intentions will weaken in the second
half of 2013 but the employment rate
is not a problem yet in China,
human resources agencies
said.
"China's net employment
outlook slipped to its weakest level
since the first quarter of 2010 after
employer hiring plans fell in all
industry sectors and all regions,"
Manpower Group, a global workforce
provider, said in its employment
outlook survey for the third quarter
of 2013.
The firm uses its
net employment outlook to describe
employers' hiring intentions.
The
Chinese mainland's net employment
outlook is 12 percent in the third
quarter of 2013, declining by 5 percentage
points compared with the same period
of 2012, Manpower said in its
report.
Statistics from the
survey show that 14 percent of the
employers expect to increase payrolls
in the third quarter, 2 percent
anticipate a decrease and 45 percent
forecast no
change.
Zhaopin.com, one of
China's largest providers of human
resource services, said recruitment growth
in the first half of 2013 was 20
percent, falling by 6 percentage points
compared with 2012.
The job
supply is related to the
country's gross domestic product
growth so as China's GDP growth
slows down, so does employment,
experts said.
Some institutions
have different opinions on China's
GDP growth in the second half
of the year. Nomura Securities - the
most pessimistic, forecast as much as
a 30 percent possibility that China's
GDP growth will fall below 7 percent
in the second half of the
year.
However, China's
employment market is still steady
because the workforce supply is
declining alongside falling
demand.
"China's employment
market will be steady in the
short term because China's working-age
population is also reducing," said Du
Yang, a professor with the institute
of population and labor economics at
China Academy of Social Sciences.
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