The Unemployment Rate in China.docVIP

The Unemployment Rate in China Unemployment is a major problem facing market economy countries, and socio-economic development in China. Promote employment, to control the unemployment rate is one of the goals of the national governments macro-control and not shirk its responsibility. How the unemployed back to work and how to reduce the unemployment rate, not only related to the vital interests of the unemployed and the development and utilization of human resources, but also directly affect the healthy development of the national economy and social stability of the overall situation. The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of unemployed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment. Reported by the Ministry of Human Resources and Social Security of the PRC unemployment Rate in China remained unchanged at 4.1% in the fourth quarter of 2012 and its still at 4.1% in the third quarter of 2012. Historically, from 2002 until 2012, China Unemployment Rate averaged 4.15% reaching an all time high of 4.3% in December of 2003 and a record low of 3.9% in September of 2002. This is a form showing changes from Jan/10~Jan/13 The Chinese government seems to keep the unemployment rate low, but since the statistics of China is only collected once a year and only cities and towns are included. So there must be some hidden unemployments which cannot be shown from the data. We should take some measures, here are some suggestions: (A) macroeconomic policy management A proactive fiscal policy and loose monetary policy In general, increased government spending or tax cuts to implement the proactive fiscal policy - at the end of 2008, the international financial crisis hit, Chinas economy was once the risk of recession, the unemployment