<br><br>**Title** China's Job Market Remains Stable in Q1 Amidst Tariff Pressures<br><br>As China continues to recover from the COVID-19 pandemic, its job market has emerged as a critical aspect of the country's growth strategy. According to Yu Jiadong, Vice Minister of the Ministry of Human Resources and Social Security, China's labor market remained generally stable during the first quarter (Q1) of the year.<br><br>**Key Highlights**<br><br>* In Q1, China created 3.08 million new urban jobs, a 50,000 increase from the same period last year.<br>* Yu emphasized that authorities have prepared policy reserves to encourage companies to expand hiring, support firms in retaining jobs, and promote employment and entrepreneurship for the unemployed.<br><br>Despite external shocks from US tariffs, China's economic recovery is gaining momentum. Successive rounds of tariff hikes have impacted certain jobs and added pressure to the overall employment situation.<br><br>**What Does this Mean?**<br><br>The stable job market is a testament to the government's efforts to stabilize employment throughout the year. Yu's pledge to accelerate the rollout of policy measures will help mitigate the impact of US tariffs on the labor market. The focus on expanding job creation, strengthening supportive policies, and safeguarding employment in key sectors will also support the overall stability of China's labor market.<br><br>**What's Next?**<br><br>To ensure continued stability, authorities plan to<br><br>* Introduce incremental policies to increase support for enterprises to expand hiring and enhance employment subsidies for individuals.<br>* Implement existing measures, such as accelerating disbursement of job stabilization refunds, guaranteeing loans, and distributing employment subsidies.<br>* Continuously tap into new employment opportunities by focusing on key areas such as new quality productive forces, major project implementation, and the provision of basic public services.<br><br>**What's Working?**<br><br>Labor market data shows that recruitment demand grew year-on-year in sectors such as household services, transportation, and logistics. Demand for artificial intelligence roles, including robotics algorithm engineers, surged by more than 30 percent, reflecting strong underlying potential in the job market.<br><br>In conclusion, while China faces external challenges from US tariffs, its job market remains generally stable, with authorities taking proactive measures to ensure employment stability throughout the year.
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