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Chinese officials are worried about the “very grave”  unemployment situation, despite improving industrial output. Millions are still out of work after factories laid off workers in 2008 and early 2009 due to the global economic slump. Wang Yadong, an official at China’s Ministry of Human Resources and Social Security, says about 3 percent of the country’s 67 million rural migrants were still looking for work after they returned back to the cities after the Chinese New Year. A third of recent and 2008 university graduates, three million, have not found jobs yet, either. Economic growth improved to 7.9 percent in the second quarter, better than the 6.1 percent registered in the first quarter of the year.  BBC, China Daily, LA Times,

Posted by Sean Ecker on 4 August 2009 at 13:43 | permalink
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News story, GenevaLunch, 4 August 2009.

Filed under: Politics, World news

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