Hey amigo, big news! The Chinese mainland has just announced that it has created over 59.21 million new urban jobs by the end of August, blasting past its 55 million target 🚀
During the 14th Five-Year Plan (2021–2025), authorities have rolled out massive support to stabilize employment. Over 470 billion yuan (about $66B) in subsidies and 138.9 billion yuan in job-stability funds have been pumped into the economy. The average urban unemployment rate stayed at 5.3%, under the 5.5% ceiling 📉
Social security reforms are also on fire: national pension coverage has jumped from 91% to over 95%, reaching 1.072 billion people. Meanwhile, 92 million individuals received subsidized vocational training, with 72 new occupations and 328 national standards launched to fuel innovation ✨
Today, the talent pool boasts 80+ million professional technicians and 220+ million skilled workers, including 72 million in high-skilled roles. This army of talent is powering the drive for tech self-reliance and a modern industrial system 🔧💡
This surge in employment and skills is set to supercharge long-term growth and stability. Stay tuned for more updates that connect Asia with the world 🌏
Reference(s):
China creates nearly 60m urban jobs by August, exceeding target
cgtn.com
