Saturday, August 16, 2008

Vice minister: China's employment to maintain stability after Olympics

China's employment situation would maintain stable development after the Olympic Games, a senior official said here Friday.

Hu Xiaoyi, vice minister of Labour and Social Security, told a press conference that nearly 10 million urban people were newly employed each year in the past few years, with the figure rising to 12 million last year.

He said the Olympics did help promote industrial development, but "the Games were just for a while, and the employment development should be judged in accordance with the overall economic situation."

With the fluctuating global economic situation, some industries created fewer jobs, he said, noting that despite the pressure, thegovernment would continue working hard to propel employment development forward.

Statistics show that during the first half of this year, 6.4 million urban people were newly employed in China, accounting for 64 percent of the projected 10 million for the whole year.

As of the end of June, registered urban unemployment stood at 8.35 million, up 100,000 from the end of the first quarter. Authorities attributed the rise to the 8.0-magnitude earthquake that rocked southwest China on May 12.

Source: Xinhua

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