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China Jobs Health Check: Holding Up, But Watch Out for Headwinds

Jan 25 , 2016

For all the hand wringing over China’s economic slowdown, the employment picture has so far remained immune to tumbling stocks, a sliding currency and waning industrial growth.

The nation added about 13 million new jobs last year -- that’s more than the entire population of Greece -- exceeding the government’s 10 million target.

Services -- which made up more than half of the economy for the first time last year -- drove hiring of nannies, bankers, couriers and programmers. Population aging, while a drag on economic vibrancy, is helping prevent a rise in joblessness by shrinking the size of the workforce at the same time economic growth slows.

FULL STORY HERE

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