10 mil­lion new jobs added in eight months

China Daily (Canada) - - NEWSCAPSULE -

More than 10 mil­lion jobs were cre­ated in China from Jan­uary to Septem­ber de­spite slow­ing eco­nomic growth in the first nine months of the year.

The to­tal of 10.82 mil­lion jobs was 160,000 more than a year ago, ac­cord­ing to the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity (MHRSS).

The new jobs ex­ceeded the gov­ern­ment’s full-year tar­get of at least 10 mil­lion new jobs this year. An MHRSS spokesman at­trib­uted the bet­ter-thanex­pected job cre­ation to medium-speed eco­nomic growth that saw fur­ther de­vel­op­ment of the ser­vice sec­tor. The ser­vice sec­tor em­ployed the majority of the coun­try’s la­bor force.

The MHRSS also said gross rev­enue of so­cial se­cu­rity funds in­creased 13.5 per­cent year on year to 2.8 tril­lion yuan ($456 bil­lion dol­lars), while gross ex­pen­di­tures to­taled 2.39 tril­lion yuan, up 18.3 per­cent from a year ago.

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