With the increasing downward pressure on the economy, why did the employment data rise?

| gov.cn

Xinhua News Agency, Beijing, 14 Nov (reporters Wang Yuxiao and Chen Weiwei) according to data released by the National Bureau of Statistics on the 14th, from January to October, 11.93 million new jobs were created in cities and towns across the country, and the target of creating more than 11 million new jobs in cities and towns throughout the year was achieved ahead of schedule. In October, the national urban unemployment rate was 5.1%, down 0.1 percentage points from the previous month.

Economic downward pressure continues to increase, employment data do not fall but rise, what are the reasons behind?

At a news conference held by the National New Office on the same day, Liu Aihua, spokesman for the National Bureau of Statistics, said that the role of total economic expansion, structural adjustment, entrepreneurship and innovation, and the sustained effect of stable employment policies, It is an important reason why the employment situation is still stable under the downward pressure of the economy.

Liu Aihua said that GDP maintained a medium-to high-speed growth rate of 6.2 percent in the first three quarters of this year. According to previous estimates, for every 1 percentage point of economic growth, employment will be driven by about 2 million people. A growth rate of 6.2 per cent could lead to total employment of 11 million to 12 million people. In addition, the trend of industrial structure adjustment from industrial-led to service-led in China has been consolidated in recent years, and the absorptive capacity of the service industry to the labor force is stronger. By 2018, the proportion of the tertiary industry in GDP has risen to 52.2%, rising every year.

Liu Aihua stressed: at present, more and more new business type are supporting flexible employment, and there have been more and more policy incentives for entrepreneurship and innovation in recent years, and the number of flexible employment is increasing.

"this year, we put the employment priority policy at the macro policy level, and the party and the government attach great importance to promoting employment, and this effect continues to manifest itself, especially in solving the employment of key groups." Liu Aihua said that the unemployment rate of the national urban survey fell to 5.1% in October from 5.2% in September, the most important factor being the gradual improvement in the employment situation of college graduates.

With the increasing downward pressure on the economy, why did the employment data rise?

| gov.cn

Xinhua News Agency, Beijing, 14 Nov (reporters Wang Yuxiao and Chen Weiwei) according to data released by the National Bureau of Statistics on the 14th, from January to October, 11.93 million new jobs were created in cities and towns across the country, and the target of creating more than 11 million new jobs in cities and towns throughout the year was achieved ahead of schedule. In October, the national urban unemployment rate was 5.1%, down 0.1 percentage points from the previous month.

Economic downward pressure continues to increase, employment data do not fall but rise, what are the reasons behind?

At a news conference held by the National New Office on the same day, Liu Aihua, spokesman for the National Bureau of Statistics, said that the role of total economic expansion, structural adjustment, entrepreneurship and innovation, and the sustained effect of stable employment policies, It is an important reason why the employment situation is still stable under the downward pressure of the economy.

Liu Aihua said that GDP maintained a medium-to high-speed growth rate of 6.2 percent in the first three quarters of this year. According to previous estimates, for every 1 percentage point of economic growth, employment will be driven by about 2 million people. A growth rate of 6.2 per cent could lead to total employment of 11 million to 12 million people. In addition, the trend of industrial structure adjustment from industrial-led to service-led in China has been consolidated in recent years, and the absorptive capacity of the service industry to the labor force is stronger. By 2018, the proportion of the tertiary industry in GDP has risen to 52.2%, rising every year.

Liu Aihua stressed: at present, more and more new business type are supporting flexible employment, and there have been more and more policy incentives for entrepreneurship and innovation in recent years, and the number of flexible employment is increasing.

"this year, we put the employment priority policy at the macro policy level, and the party and the government attach great importance to promoting employment, and this effect continues to manifest itself, especially in solving the employment of key groups." Liu Aihua said that the unemployment rate of the national urban survey fell to 5.1% in October from 5.2% in September, the most important factor being the gradual improvement in the employment situation of college graduates.





















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