Causes Of Unemployment In China
Unemployment in China.
Introduction.
Last year in China, during 2014, the unemployment rate was 4.07 percent at the end of September, down slightly from 4.08 percent at the end of the second quarter. And during the first nine months of this year, China also added a total of 10.82 million jobs according to a statement distributed at a news conference. China wanted other countries to know that they needed help. The unemployment rate within the country was from 3.90 percent in the third quarter of 2002 and 4.10 in the fourth quarter of 2014.
From the above information, there are a lot of people who are looking for a job. They also want to make sure they are willing to work. Most of the people that doesn’t want to work because they are actually going through retirement. The baby boomers are aging and some of them are still completing their studies. Therefore, it is hard to find a suitable job they want. So most of the people will be unemployed.
There are also people who are willing to work because of the pay and are actively looking for a job outside. But the unemployment rate was very high so it was hard for them. China aims to keep it registered unemployment rate below 4.6 percent in 2014, unchanged from its target for 2013. But many economists believe that the rate of unemployment will just keep rising as the years go. China government has also done a survey that also measure migrant workers unemployed and they hope it will lessen the rate of unemployment.
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