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China's Demand for Labor Rebounds
The number of workers employed by China's enterprises during the first half has rebounded, breaking the long-time trend of a stagnant labor market, according to the newest survey poll by the National Bureau of Statistics.
The poll shows that China's labor demand index rebounded in the first quarter and rose 11 points up to 88 points in the second quarter, marking the largest increase during a quarter in recent years.
The labor demand index is a sensitive signal on how the economy is doing, especially when the economy is going through a transition. Experts say that the improvement in China's demand for labor during the first half is closely linked to China's economy.
According to the poll, the private sector, especially foreign firms, employed more workers than the state-owned economy.
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