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Job seekers share information at an employment fair in Dongying, Shandong Province on July 15.
Government invests social security funds to increase its solvency
The urban unemployment rate in China fell by 3.83% in June, its lowest level since 2002, and the country's labor structure is down. Is improved, announced Monday the Ministry of Human Resources and Social Security.
Officials and experts attributed the progression to stable economic growth and better quality of the workforce
"In the first half of the year, 52 million 39 jobs, an increase of 170,000 compared to the previous year, "said Lu Aihong, spokesman for the portfolio.
Lu added that the proportion of jobs vis-à-vis 1, an increase of 0.12 employment per person compared to the same period in 2017.
"This means that the # The labor supply continues to exceed the number of claimants, "he said.
Yang Yiyong, director of the Institute or Social Development, part of the National Commission for Reform and Development, pointed out that the panorama of work in twenty years is the result of the rapid progression of l & # 39; economy.
"Better economic performance translates into more business and more buying orders; this requires more plants and machinery and, of course, drives a high demand for personnel to perform the work, "said the expert.
Lu said that the structure of employment continued on the path of improvement due to jobs in the tertiary industry. the ministry, the people employed in these sectors accounted for 44.9% of the total housing in 2017, compared with 34.6% in 2010.
Yang noted that more people have acceded to the higher education in recent decades in that the quality of the country's work has also increased its level, with the consequent increase in qualified personnel in these sectors.
"However, now the number of retirees older than 60 years is rising because of the aging of the population, To cope with the pressure of higher pensions, the ministry invests social security funds in equities, bank deposits and government-backed securities, such as bonds. 19659004] "Until the end of June, 14 provincial regions had entrusted the National Social Security Council with the management of a total of 585 billion yuan (86 billion US dollars)," he said. he declares. Lu, "and 372 billion yuan were allocated to investments with a profit rate of 5.23% last year."
China's labor law stipulates that companies must contribute the bulk of their contributions. five types of social security for their employees, including injury, doctor and life, workers in turn pay a minimum amount.
According to the ministry, investments can increase funding and reduce the financial burden on businesses and governments as the population ages. In addition, the agency is committed to ensuring the solvency of these funds.
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