From China Daily:
Job seekers in China will face an uphill battle in the coming months and as many as 12 million may not find work this year even if the country hits its 8 percent growth target, the nation’s top employment official said on Friday.
Yin Weimin, minister of human resources and social security, said China will be able to provide openings for about half of its 24 million job hunters, if it meets the growth target for 2009.
“The shortfall between supply and demand (in employment) will become larger than last year due to the failure to create enough job opportunities,” he said in a report carried in People’s Daily.
The country is trying to meet the “very tough” challenge of finding enough jobs for workers at a time when the global financial crisis is biting deep into the Chinese economy and the employment rate within export-oriented enterprises is falling sharply, he said.