New Job Openings in Urban China Hit 12.9 million This Year
Dou Shicong
/SOURCE : yicai
New Job Openings in Urban China Hit 12.9 million This Year

(Yicai  Global) Dec. 19 -- China's cities and towns added 12.9 million new job  opportunities in the first 11 months, up 130,000 on last year and  exceeding the 11 million annual target set by authorities. 

The  country's urban unemployment rate last month fell 0.1 percentage point  monthly to 4.8 percent in November, state-backed Xinhua News Agency  reported, adding that the rate for those of working-age between 25 and  59 years old remained at 4.4 percent. The rate for university graduates  aged between 20 and 24 fell 1.8 percentage point compared October.

The average working hours for company employees climbed 0.1 hours monthly and 0.3 hours annually to 46.2 hours in November. 

The  Chinese government has further improved policies to stabilize  employment since the turn of the year, successively issuing a series of  policies and measures, said Li Xiru, head of Department of Population,  Social and Science Statistics at China's National Bureau of Statistics.  These measures include facilitating employment in the innovation and  startup sector, employment assistance as well as guarantees for  employment.

International  uncertainty may affect manufacturing jobs, Li said, adding that the  government must implement more active policies in this sector in the  future.

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Keywords: New Employment , Unemployment Rate , Working Time