Hey fam! Big news from the Chinese mainland: they’ve just crossed the finish line of their 14th Five-Year Plan job target, creating 59.21 million new urban jobs by August—well above the 55 million goal! 🎉💼
Wang Xiaoping, minister of human resources and social security, shared at a recent press meet that despite a rollercoaster of global and local changes, smart policies have kept the job market stable and growing.
Here’s the lowdown:
- Job creation: 59.21 M new urban jobs vs. 55 M target
- Unemployment rate: Averaged 5.3% over four years (below the 5.5% cap)
- Employment support: ¥470 billion in subsidies + ¥138.9 billion in stabilization funds
Imagine more spots on your fav food delivery or gig platforms—more chances to hustle and earn! 🚀
But wait, there’s more! Social security got a glow-up, too. The national basic pension scheme now covers 1.072 billion people—up from 91% to over 95% coverage. Feeling secure about your future? That’s the vibe. 🛡️
And for all my hustle-driven peeps in IT, design, or digital marketing: the Chinese mainland is shifting gears from a “population dividend” to a “talent dividend.”
- Vocational training: 92 M folks trained in new skills
- New occupations: 72 fresh roles introduced
- Standards: 328 national occupational standards issued
- Talent pool: 80 M+ pro technical personnel, 220 M+ skilled workers, 72 M+ high-skilled pros
What does this mean for you? Think faster tech R&D, slicker apps, cooler startup vibes—plus more job options across Asia as markets link up. 💡🌏
Bottom line: the Chinese mainland is betting big on jobs & talent, and that’s good news for our region’s gig economy, tech teams, and creative hustlers. Stay tuned for more updates on how this wave could ripple into South Asia and Southeast Asia! Cheers to more opportunities in 2024! 🍻😊
Reference(s):
China creates nearly 60m urban jobs by August, exceeding target
cgtn.com
