China adds 10.52 million urban jobs in Jan-Sept, to roll out services jobs policy
FXI•China added 10.52 million urban jobs in the first nine months of the year, reaching 87.7% of its annual target. The labour ministry plans measures to promote hiring in the services sector.
1. Jobs and unemployment
China added 10.52 million urban jobs in the first nine months of the year, meeting 87.7% of its annual target, the labour ministry said. The surveyed urban unemployment rate averaged 5.2% from January to August, and officials described employment as generally stable.
2. Planned employment measures
The ministry will work with other departments on a policy document to promote employment through services sector development, Vice Minister and spokesperson Li Zhong said. It also plans to support employment in labour-intensive industries and seek opportunities in emerging and future industries. At the end of September, the three social insurance funds had a combined balance of 11.2 trillion yuan ($1.67 trillion).
