Labor force shortage: China’s labor force shortage is on the rise, with many young and old unemployed.
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title China’s Labor Force Surplus: China faces labor shortage article Labor shortage: In the past few years, China’s workforce has been growing at a faster pace than the rest of the world.
In 2020, China had 7.2 million more people than the world’s population.
The number of unemployed workers has increased by more than 2.2 percent over the past year, and more than 1.6 million more were unemployed in 2020 than in the same period in 2020.
But China has also seen a decline in employment rates for young workers in their twenties.
For the past six months, the unemployment rate among those in their thirties or forties has been about 10 percent.
For those in the middle of their careers, unemployment has been lower at about 7 percent.
The country’s workforce is still growing, and China’s job market is expected to continue growing for the foreseeable future.
This article has been corrected to reflect that it was reported in December that there are more than 7 million unemployed workers in China.