America's North Shore Journal » China, China's Economy » Chinese Job Losses Mount
Star of Hope is a nondenominational Christian organization that equips children across the world with knowledge, physical well-being, spiritual growth and social skills through educational programs and local and international partnerships. Please donate!
Chinese Job Losses Mount
The numbers are huge, but in China they are still a small percentage of the overall workforce. That is, if the reports are accurate and not understated. The potential for a civil backlash is growing.
Nearly 5 million migrant workers had returned home by the end of November, accounting for 5.4 percent of rural migrant workers, the Ministry of Human Resources and Social Security said.
Many of them had lost their jobs as the global financial crisis took its toll across the country.
The 4.85 million migrant workers were mainly from 10 provinces including Sichuan, Hebei, Anhui, Jiangxi, Hubei and Hunan.
Meanwhile, employers in the provinces of Guangdong, Jiangsu, Fujian and Shandong, as well as Shanghai, have sacked 2.45 million people, accounting for 5.2 percent of the workforce in these areas, the ministry said.
Filed under: China, China's Economy · Tags: China, China's employment crisis, Chinese migrant workers, Chinese unemployment, global financial crisis
Coming Soon: Future Posts
- Declaration of War 1812 (in 129 days)
- USS President vs HMS Belvidera (in 134 days)
- General Hull Invades Canada (in 153 days)
- First Battle of Sacketts Harbor (in 160 days)
On Y!CN
- Radioactive Gravel from Japanese Nuke Disaster Used in Buildings
- Fuel Supplies Reach Nome
- Fuel Convoy Reaches Nome
- Russians Sail to Rescue of Ice Bound Alaska Community
- Pope Embraces Anglicans in U.S. with New Ordinariate
- Nebraska Nuke Plant Placed on Special Inspection Status
- Radioactive Water Leaks at Japanese Nuke Site
- Japan Damaged Nuke Plants Still Not Under Control
Social Links
