Is a Wave of Unemployment Coming?

Caijing Magazine - - Summary -

Along with the slowdown in China’s economic growth, some industries and some companies have experienced a contraction in demand for workers. However, according to a survey conducted by Caijing reporters, under the influence of various employment security policies, from the open employment data, the layoffs of large companies that have attracted public attention may be only a partial phenomenon.

Many experts interviewed by Caijing reporters believe that, based on the disclosed employment data, the overall employment situation in China is relatively stable at present, and the employment pressure is not an emerging phenomenon. The fluctuations are taking place in the Internet, real estate, finance and other industries that have been greatly affected by government policy this year.

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