Minister: China still has labor surplus

17:10, March 21, 2011      

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Judging from the current situation of China's labor force, China's labor supply still exceeds demand, said Yin Weimin, minister of human resources and social security, during the 2011 China Development Forum on March 20.

Yin said that during the 12th Five-Year Plan period (2011-2015), the labor force in cities and towns that need jobs stands at about 25 million each year, including nearly 7 million college graduates, about 7 million students graduating from technical secondary schools, vocational schools, junior high schools and senior high schools, and about 11 million retired soldiers, laid-off workers and registered unemployed persons, an increase of 1 million compared to the 11th Five-Year Plan period.

Yin also said that various cities and towns can only provide jobs for about 12 million each year. Therefore, China's job market is still oversupplied, and the employment situation is very serious.

Yin said that China's demographic dividend period will continue for a long time. During the 12th Five-Year Plan period, the government also needs to arrange 8 million surplus rural laborers each year and a labor force of about 100 million rural surplus workers are still waiting to be transferred from rural to urban areas.

By Li Jia, People’s Daily Online

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