LayoffBlog.com

February 2, 2009

Millions jobless in China

Filed under: China,unemployment — DF @ 11:58 am
Tags: , ,

According to AP, Guardian: “A world manufacturing slump eased in January but data showed the global economic downturn, which Beijing said had already cost as many as 20 million jobs, was still in full swing.” […]

“Chen Xiwen, director of China’s Office of the Central Rural Work Leading Group, said a recent survey showed 15.3 percent of the 130 million migrants moving from villages to cities and factories had returned jobless to the countryside.
That, combined with this year’s 6 million to 7 million new entrants in the rural labor market, would leave China with about 25 million jobless and potentially restive rural unemployed this year, Chen said. “

2 Comments »

  1. That is about the only good thing about manufacturing moving offshore; the job loses due to the recession would not be in the US. Those who do the manufaturing must accept the good with the bad. Jobs will be had in good times; layoffs will occur in bad.

    Send the jobs back to the US; US workers will gladly take the risks for the decent jobs in the good times.

    Comment by Cee — February 2, 2009 @ 4:55 pm | Reply

  2. Blablabla. Those are not all just jobs “lost” in the US. Chinese are perfectly capable to create (and lose) jobs without us transfering them first.

    Comment by myphotoscout — February 2, 2009 @ 11:41 pm | Reply


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