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China expects higher urban unemployment rate in 2005

www.chinanews.cn 2005-03-06 17:10:40

(Source:Xinhuanet)

BEIJING, March 6 - The registered urban unemployment rate at the end of
2005 is expected to be somewhat higher than last year, which amounted to
4.2 percent, says a report on China's development plan.
The report on the implementation of the 2004 plan for national economic
and social development and on the 2005 draft plan for national economic
and social development, submitted for approval to the ongoing session of
the National People's Congress, set a target of "creating 9 million more
jobs for urban residents and confining the registered urban unemployment
rate to 4.6 percent" for 2005.
This year, 11 million urban residents, including those enteringthe
workplace for the first time, ex-servicemen and college graduates, need
to find employment. There are now 13 million unemployed and laid-off
urban workers, and large numbers of surplus rural laborers need to find
jobs in urban areas, accordingto the report.
"Employment pressure is therefore still intense," it says.
According to the report, estimates based on the relationship between
economic growth and job creation show that by adhering to a vigorous
employment policy, the country should be able to create9 million more
jobs this year.
"Given that we will basically incorporate subsistence allowances for
workers laid off from state-owned enterprises into the unemployment
insurance system this year, the registered urban unemployment rate at the
end of 2005 is expected to be somewhat higher than last year," the report
says.

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