Home Business The increase in employment of college graduates in the third quarter led to a decline in the unemployment rate of young people-teller report

The increase in employment of college graduates in the third quarter led to a decline in the unemployment rate of young people-teller report

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Original title: In the third quarter, the increase in employment of college graduates led to a decline in the unemployment rate of young people

Beijing, October 18th (China Youth Daily and China Youth Daily reporter Wang Lin) According to data just released by the National Bureau of Statistics, 10.45 million new jobs were created in cities and towns across the country in the first three quarters, which has achieved 95.0% of the annual target. Fu Linghui, spokesperson for the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, said that the employment of key groups such as college students and migrant workers has improved, which has led to a steady decline in the urban surveyed unemployment rate.

Since the beginning of this year, the employment situation has been generally stable, especially in the third quarter. In July, August, and September, the nationwide urban surveyed unemployment rate was 5.1%, 5.1%, and 4.9%, respectively, and the trend was stable with a decline. In September, the national urban surveyed unemployment rate The rate dropped by 0.2 percentage points from the previous month and 0.5 percentage points from the same period last year. The unemployment rate of the local household registration population survey was 5.0%, and the unemployment rate of the foreign household registration population survey was 4.8%.

Fu Linghui said that since the beginning of this year, as the economy continues to recover, the employment priority policy has taken effect, new urban employment has continued to expand, the surveyed unemployment rate has stabilized and declined, and the employment situation has been basically stable. The surveyed unemployment rate in cities and towns across the country averaged 5.2%, which was also lower than the annual control target of 5.5%. The employment situation of the main population is also generally stable. In the three months of July, August, and September, the urban surveyed unemployment rates of the 25-59 year-old employment subjects were 4.2%, 4.3%, and 4.2%, respectively. The unemployment rate was relatively low and remained basically stable.

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The employment situation of key groups such as university students and migrant workers has also improved. The increase in employment of university graduates has led to a decline in the unemployment rate of young people. In the three months of July, August, and September, the unemployment rate of the urban population aged 16-24 was 16.2%, 15.3% and 14.6% respectively, showing a trend of declining month by month. Employment assistance for migrant workers continued, and the employment situation continued to improve. At the end of the third quarter, the total number of rural migrant workers increased by 2% year-on-year, basically returning to the level before the epidemic in the same period in 2019. In the three months of July, August and September, the unemployment rate of the migrant agricultural population, mainly migrant workers, also dropped slightly.

Fu Linghui analyzed that the employment situation in the third quarter was basically stable due to four main reasons: First, the continued economic recovery is conducive to increasing employment. In the first three quarters, GDP grew by 9.8% year-on-year, and the two-year average growth rate was 5.2%. The expansion of economic aggregate will inevitably bring about an increase in labor input, which is conducive to the expansion of employment. Second, the recovery and improvement of the service industry is conducive to expanding employment capacity. The proportion of China’s service industry has continued to increase, and the employment capacity has further expanded. In September, the growth of the service industry accelerated, which was conducive to the improvement of employment. In September, the service industry production index increased by 5.2% year-on-year, 0.4 percentage points faster than the previous month. In the service industry purchasing manager index, the service industry employee index also increased by 0.5% from the previous month. Third, the employment priority policy has continued to be effective. The employment of key groups such as university students and migrant workers has been improved, which has led to a steady decline in the urban surveyed unemployment rate. In the third quarter, the youth unemployment rate dropped overall. At the same time, measures such as strengthening entrepreneurship to drive employment and strengthening vocational skills training are also conducive to the improvement of employment. Fourth, the platform economy and flexible employment development provide workers with more employment options. The rapid development of new business formats and new models has driven the increase of new jobs. Since the beginning of this year, the rapid development of live streaming and online shopping has also driven the increase of employees in related industries.

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However, he also reminded that to see that the total pressure of employment and structural contradictions still exist, the unemployment rate of some groups is still high, and the shortage of labor still exists in some coastal areas, and it is still necessary to continue to work hard to maintain employment stability. It is necessary to continue to do a good job in the cross-cycle adjustment of macroeconomic policies, promote the stable recovery of the economy, and create good conditions for employment. Implement the employment priority policy, strengthen employment services for key groups of university students and migrant workers, increase vocational skills training, promote the effective connection of supply and demand in the labor market, and promote the stability and improvement of the employment situation.

Source: China Youth Daily

Version 05, October 19, 2021


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