China 7.25 million jobs created in the first half of the year

BEIJING: China on Tuesday said that 7.25 million jobs were created in the first half of this year despite the economic slowdown. 

China added 7.25 million jobs in the first half, an increase of 3.10 lakh during the same period last year, Yin Weimin, minister of human resources and social security said today. 

He also added the job market was "generally stable" during the period. 

The registered urban unemployment rate stayed unchanged at 4.1 per cent, state-run Xinhua news agency quoted him as saying. 

"Maintaining a steady job market will be a long-term and arduous task," he said, adding that the number of workers between the ages of 20 and 59 will peak around 2020. 

The job data followed yesterday's release of a string of economic indicators that showed China's economic growth slid to 7.6 per cent during the January-June period. 

Recent reports said China produced a record 6.99 million graduates this year, most of whom are struggling to find jobs. 

Meanwhile the employment rate for graduates of higher vocational schools in China rose slightly from 2010 to 2012, another report said. 

The report, jointly conducted by the Shanghai Academy of Educational Sciences and the educational research company MyCOS Institute, said the employment rate of vocational graduates increased to 90.4 per cent in 2012, just below the 91.5 per cent employment rate for college graduates in the same year. 

Employment rates for graduates of higher vocational schools stood at 88.1 and 89.6 per cent in 2010 and 2011, respectively, while employment rates for college graduates hit 91.2 and 90.8 in 2010 and 2011, said the report. 

The survey also showed that the incomes of higher vocation school graduates rose 120 per cent from 2009 to 2012. 

The rate of self-employed higher vocational school graduates reached 2.9 per cent in 2012, while 1.2 per cent of college graduates chose to open their own businesses in the same year, it said. 

Researchers surveyed about two lakh graduates of higher vocational schools in the 31 provincial-level regions in China over the past few years, the report said.

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