Core Viewpoint - The employment situation in China remains generally stable in the first quarter, with urban employment increasing by 3.08 million, a year-on-year increase of 50,000, indicating a faster pace than expected [1] Employment Situation - In the first quarter, 3.08 million new urban jobs were created, which is a year-on-year increase of 50,000 [1] - The employment pressure is rising due to external shocks, particularly from the U.S. imposing high tariffs, affecting some foreign trade enterprises and their operations [1] Government Response - The government plans to implement measures to stabilize the employment situation, including increasing job opportunities, enhancing policies, focusing on key sectors, improving skills, and optimizing services [1]

Core Viewpoint - Employment is crucial for people's livelihoods and the overall economy, and the government is committed to stabilizing and expanding employment opportunities this year [1]. Employment Performance - In the past year, China added 12.56 million urban jobs, with over 33 million people from poverty alleviation programs engaged in work, and the urban survey unemployment rate averaged 5.1%, a year-on-year decrease of 0.1 percentage points [2]. - Maintaining employment stability amidst external pressures and internal challenges is a significant achievement for a country with over 1.4 billion people [2]. Employment Challenges - The number of college graduates in 2025 is expected to reach a record high of 12.22 million, necessitating efforts to expand employment capacity [3]. - Structural employment issues are becoming more pronounced, with some individuals unable to find suitable jobs while certain sectors, such as domestic services and elder care, face a shortage of qualified workers [3]. Government Policies - The government is implementing a "combination punch" of policies to address employment challenges, including supporting labor-intensive industries, coordinating new technology applications with job transitions, and launching large-scale vocational skills training initiatives [3][4]. - Specific measures include focusing on stabilizing jobs in key sectors, providing support for vulnerable groups, and enhancing employment services for various demographics, including college graduates and veterans [8]. Economic Impact on Employment - A 1% increase in GDP can create over 2 million jobs, indicating a direct correlation between economic growth and employment stability [6]. - The government emphasizes the importance of improving employment-first policies and increasing resource allocation to drive job creation through industrial development [7]. Employment Services - Diverse and personalized employment services are crucial for matching talent with job opportunities and addressing employment barriers, which is essential for promoting high-quality and full employment [9]. - Local initiatives, such as specialized recruitment events and digital employment platforms, are being implemented to support job seekers and employers [8].