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China to suffer from long-term labor surplus
www.chinanews.cn 2007-06-15 15:35:58
Chinanews, Beijing, June 15 - According to a report published on the
website of the Ministry of Labor and Social Security (MOLSS), China will
suffer a labor surplus in the future for a long time to come. During the
11th Five-Year Plan period (2006 - 2010), there will be an excessive
labor forces of about 12 million every year.
The report is based on a survey of the employment of migrant workers and
enterprises' job openings in the beginning of 2007, conducted by the
MOLSS, and on the statistics collected by 120 job agencie, to give an
overall analysis of employment situation in China.
Labor force should be China's advantage in economic development due to
its large population, and the baby boom in the 1950s and 1960s have
provided the country with abundant labor force. Able-bodied worker
population has taken up 65% of the total population since some 20 years
ago, and the current situation will last for at least another 20 years.
In the next 4 years, there will be a 20-million-strong new labor force
entering the job market every year, and another 4 million workers who
need to change jobs. However, with an 8% or 9% of annual economic growth,
there will be only 12 million job vacancies available annually.
Rural areas will suffer from labor surplus, too, although the situation
will not be as bad as in urban areas.
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