10 million new jobs added in eight months
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.