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. “

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