This is the country's worst employment crisis ever, as the children of baby boomers flood the job market seeking their first jobs. Their parents were born in the early 1960s, and they themselves in the late 1980s.
China can generate only an estimated 11 million new jobs this year, according to the NDRC. And at no time this decade did they exceed 10 million a year.
This means that despite a record number of employment openings about 11 million jobs have to be found for about 14 million people more.
Guo Yue, a researcher with the Institute for Labour Studies under the Ministry of Labour and Social Security (MOLASS), told China Daily: "The government is racking its brains to create jobs as it braces for a real tough year."
An even greater challenge is that the crisis will continue for more than just one year, said Du Yang, a researcher at the Institute of Population and Labour Economics of the Chinese Academy of Social Sciences.
The mismatch between job supply and demand will continue till 2010, or the end of China's 11th Five-Year Plan (2006-10), Du forecast. He agreed that since there is no control over demand, "the only way is to enlarge supply, or to create as many jobs as possible."
The most effective way to create new jobs, he pointed out, is to create a conducive business environment for small- and medium-sized enterprises, especially labour-intensive operations.
1 2 3
|
|
Producer:Duan
Lei 
Latest
