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China's Job Market Steady in 2015
   2016-01-22 19:01:17    CRIENGLISH.com      Web Editor: Fei Fei

China's employment level held steady last year, despite the economic slowdown.

Human resources official, Li Zhong, also said that there were no large-scale layoffs apart from jobs cut in sectors that have suffered from overcapacity.

The registered unemployment rate in China's cities was 4.05 percent in the last quarter of 2015, unchanged from three months earlier.

The country created over 13 million new jobs for urban residents last year, exceeding the official target of 10 million.

Li predicted that this year's job market generally stable, citing favorable factors such as sound economic fundamentals, reform measures, innovation, and stronger government support for employment.

China's economy recorded its slowest growth in 25 years in 2015, expanding 6.9 percent year on year, fueling concerns over job losses.

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