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Unemployment rate drops
(CRIENGLISH.com)
Updated: 2005-02-17 14:49 China's registered urban unemployment rate in 2004
is 4.2 percent, and 0.4 percentage points lower than the estimated level made at
the beginning of the year.
The Ministry of Labor and Social Security attributes the decrease to the
sustained rapid GDP growth and the country's various measures to boost
employment, including offering jobs to the millions of laid off workers from
state-owned enterprises.
Minister of Labor and Social Security Zheng Silin notes that China still
faces problems like the demand and supply gap in labor forces, which will not be
fixed in a short term.
The minister has vowed enhanced efforts this year.
"China will continue to implement active employment policies and further
boost employment in 2005. The main target for this year is to create a total of
nine million newly increased jobs, and to control the urban unemployment rate
under 4.6 percent."
Zheng Silin says China will continue to offer small loans to those unemployed
to fund their reemployment.
The Chinese government will also speed up the process of establishing a
public employment services system, to intensify guidance and training of the
labor forces.
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