China creates 6.98 million urban jobs in H1’21
China has created 6.98 million new urban jobs in the first half of the year, which accounts for 63.5% of its annual target, show data released by the National Bureau of Statistics (NBS).
The surveyed urban unemployment rate averaged at 5.2%, which is lower than the expected 5.5%, and down 0.6 percentage points year-on-year.
“As the economy continues to recover steadily, the labour market continues to pick up and job-seeking activity is also on the rise. What’s more, this year’s college graduates reached 9.09 million, another record high, putting huge pressure on employment,” said Liu Aihua, spokesperson of the NBS, reports Global Times.
“As the epidemic prevention and control situation gradually improved, business activities have gradually resumed, resulting in stable employment, which has boosted the per capita disposal income,” Liu added.
By the end of Q22021, the number of rural migrant workers in China totalled 182.33 million, recovering to pre-COVID-19 levels, said the NBS.
Wage income grew 12.1% year-on-year in the first two quarters of 2021, compared with a two-year average of 7.2%. In the first half of the year, net operating income rose 17.5% year-on-year, recording a two-year average growth rate of 5.6%.