this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.
About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul
d be those who lose their jobs because of the industrial structural transformation and special type of job see
kers such as veterans. This means at least 12 million urban jobs have to be created this year.
Still, the employment pressure this year is not overbearing for two re
asons. First, the number of job seekers has not increased considerably from last year.
In fact, the number and ratio of China’s working-age people have both d
eclined for the seventh consecutive year. Over the past seven years, China’s working-age