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Xinhua: First Quarter Job Market Still Tough

Xinhua recently reported on the state of the Chinese job market during the first quarter of 2012. According to the report, general economic growth in China is slowing down. People in society are experiencing widespread worry about the job market. The spokesman for the Ministry of Human Resources and Social Security predicted that the market will be challenging this coming year; he stated that 25 million new jobs are needed for 2012. The primary problem in the Chinese job market is the mismatch between position requirements and the skill sets available. The first quarter figures showed that a large number of companies cannot find qualified, skilled technicians, while millions of college graduates cannot find jobs. Researchers suggested that the best immediate solution to enable the creation of new jobs would be to cut taxes for small businesses. They also suggested that the government needs to promote free secondary vocational education and to concentrate its resources on training migrant workers.

Source: Xinhua, April 7, 2012