China’s job market has been boosted by a robust rebound in services consumption as well as the rise of artificial intelligence (AI) in the first quarter, industry reports showed.
Recruiters have explained job responsibilities for thousands of applicants at recruitment fairs, with job seekers rushing to these fairs. Such scenes were seen nationwide as the spring recruitment season started.
China will give greater priority to ensuring the employment of key groups and strengthening the recovery momentum of the job market. Analysts stressed that China has a solid foundation for employment in 2024 as the economic recovery will continue to create new jobs and new productive forces will increase the demand for talent.
Graduates have borne the brunt of shrinking demand, with a record high 11.79 million college students expected to graduate this year, adding further pressure to an already strained job market.
Analysts continue to call for more aggressive stimulus measures to invigorate the job market, after employees saw salaries suffer their biggest quarterly decline in years across dozens of major Chinese cities.