China warns overall pressure on employment yet to ease

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By Ellen Zhang, Liangping Gao and Ryan Woo

BEIJING (Reuters) – China still faces structural employment issues and overall pressure on jobs has not eased, the human resources minister said on Saturday, as the slowing economy braces for another record number of college graduates in 2024.

The job market has seen a good start this year, particularly in the artificial intelligence and big data segments, said Human Resources Minister Wang Xiaoping, adding that 32,000 job fairs have been held so far.

Still, authorities will strengthen policy support to improve youth employment and help small private firms, Wang told a news conference on the sidelines of an annual parliament meeting in Beijing.

China could see 11.79 million college graduates this year, she added, reiterating an education ministry forecast.

At the start of the parliament session this week, the government unveiled its 2024 target for economic growth, aiming for an expansion of…

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