China labor market report service
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What is China’s labor market data telling us? It is not an easy-to-answer question. Let us take a look at one of the data sets in the City Labor Market Survey. The data actually tells us that: Low-tech industries are still occupying a large portion of China’s economic structure. China’s economy is going downhill. Specifically, we are looking at the ratio of the number of job vacancies to the number of job seekers in the City Labor Market Survey.
Labor supply and labor demand have also changed, altering the structure of the labor market. Intermittent labor shortages for labor-intensive jobs on the east coast have induced firms to move inland to access cheaper rural labor, and have tightened labor markets in labor-intensive manufacturing across the country, that ATAHK can help you to study ang give the China labor market report.
The ratio has remained above 1 since Q4 2010, showing a favorable situation in the labor market – enterprises are thirsty for talents at a higher degree than candidates looking for positions. However, if we look into more details: There is a higher demand for labor with a vocational secondary education level which in turn, contributed to the above-1 vacancy-to-job-seeker ratio in this particular group of the labor market. This reveals that the economic structure in China still is highly concentrated in low-tech manufacturing and services. Since Q2 2013, enterprises’ demand for labor having a college or above education level is less than the supply. This not only shows a mismatch of the educational and industrial structure, but also an economic downturn. Enterprises are not willing to hire higher-level positions with a large amount of compensation, during a possible recession
Workers appear to be more and more amenable to protesting poor conditions. Manfred Elfstrom and Sarosh Kuruvilla (2014) show that strikes have risen since 2008, and become increasingly offensive strikes in favor of better wages and working conditions, rather than defensive strikes against employer actions such as layoffs. This is in part a result of the Labor Contract Law of 2008, which extended protection of employees of at least ten years standing, prompting companies to improve capital-labor relations to some degree. Wages have risen since 2008, with wages highest in Beijing, Shanghai and Tianjun at around $2.60 per hour.
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