SOURCE / ECONOMY
China creating 11.86 million new jobs in 2020: human resources ministry
Published: Jan 27, 2021 10:11 AM

An employer (L) communicates with a job seeker at a job fair in Haikou, south China's Hainan Province, April 18, 2020. (Xinhua/Guo Cheng)



China's employment situation improved quarter by quarter in 2020 ensuring stability and outperforming expectations:, Zhang Ying, director of the Employment Promotion Department of the Ministry of Human Resources and Social Security, said at a press conference on Tuesday.

Zhang said that the country's job creation maintained steady growth, unemployment rate steadily drops and the employment of key groups kept a good momentum of steady growth.

In 2020, China added a total of 11.86 million new jobs in 2020, significantly higher than the original target of 9 million, whereas the country's urban unemployment rate dropped from the record high of 6.2 percent in February to 5.2 percent in December, unchanged from the same period last year, according to official data.

In terms of social security, 999 million people hold basic endowment insurance, 217 million have unemployment insurance and 268 million have employment injury insurance, according to the ministry. A total of 1.335 billion people have social security cards.

Meanwhile, over 90 percent of the 90 million registered lower income households benefited from poverty alleviation through developing industries and creating jobs. By the end of December, the country provided organized training programs for over 2.7 million low income workers, exceeding year-round target, data from the ministry showed.

Global Times