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Chinese ministry releases labour market statistics

Chinese ministry releases labour market statistics -...

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1 of 999 DOCUMENTS BBC Summary of World Broadcasts February 3, 2003, Monday Chinese ministry releases labour market statistics SOURCE: Xinhua news agency domestic service, Beijing, in Chinese 1406 gmt 24 Jan 03 LENGTH: 665 words Text of article by Yao Runfeng, " Labour demand and supply statistics released by Labour and Social Security Ministry indicate that labour supply and demand in China is booming", carried by official Chinese news agency Xinhua (New China News Agency) Beijing, 24 January: According to statistics released by the Labour and Social Security Ministry, which cover 89 cities across the country and give an insight into the supply and demand situation in the labour market, the vacancy ratio (the number of vacancies to the number of job seekers) was 0.89 for the forth quarter of 2002, the highest since the first quarter of 2001. Statistical data indicates that the employing units recruited some 1.96m people for various positions via the labour market in the forth quarter of 2002. Nearly 2.2m people entered the labour market to seek jobs. The vacancy ratio stood at 0.89. The situation whereby supply of
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