Report: Employment market picks up in Q2
China's job market picked up slightly in the second quarter thanks to service sector growth and will continue its uptrend in the third quarter, according to a recent report by recruitment website Zhaopin.
The CIER index, designed to monitor China's job climate, increased from 1.91 in the first quarter this year to 2.26 in the second, revealing a stable, and strengthening, picture for the market, the report said. By comparison, the second quarter index last year stood at 1.93.
The index, developed by the China Institute for Employment Research and Zhaopin, is the number of job vacancies divided by the number of job seekers. A reading above 1 means that labor demand outstrips labor supply.
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