就业消费化

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"见微知著”系列专题之七:就业"新趋势”?
Shenwan Hongyuan Securities· 2025-05-29 14:52
Group 1: Employment Trends - In 2024, the average annual salary for urban non-private sector employees is 124,000 yuan, reflecting a decrease of 6.8 percentage points since 2021, now at a growth rate of 2.8%[3] - Employment is shifting from high-salary industries to sectors with shorter working hours and higher hourly wages, indicating a trend towards "anti-involution" since 2021[4] - The transportation and service industries have seen a reduction in weekly working hours by 4.2 and 3.6 hours respectively, while hourly wages increased by 3.9 and 3.6 yuan/hour, suggesting improved job attractiveness[4] Group 2: Regional Wage Convergence - From 2019 to 2023, the wage growth in the eastern region was 7.5%, compared to 7.1% in the central and western regions, with the gap narrowing from 0.8 percentage points in 2019 to 0.5 percentage points in 2023[5] - The wage growth in the central and western regions has shown resilience, with the central region's wage growth remaining stable at around 7.1%[5] - Employment in the service sector is increasingly migrating to the central and western regions, with the proportion of employees in accommodation and retail sectors decreasing from 20.8 and 10.1 percentage points below the eastern region to 18.2 and 9 percentage points respectively[6] Group 3: Private and Flexible Employment - The average salary growth for private sector employees is lower than that of non-private sector employees, but certain sectors like education and retail services have seen higher growth rates of 8.9% and 5.3% respectively[7] - The concentration of small and medium enterprises in the service sector has led to better salary growth in private units compared to non-private units[10] - New flexible employment roles, such as ride-hailing drivers and delivery personnel, have higher average monthly salaries of 10,506 yuan, significantly above traditional employees' 8,910 yuan, despite longer working hours[10]
热点思考 | 就业“新趋势”?(申万宏观·赵伟团队)
申万宏源宏观· 2025-05-29 09:45
文 | 赵伟、屠强 联系人| 屠强、耿佩璇 摘要 2024年城镇就业人员的工资数据新鲜出炉,哪些领域在"涨薪"、哪些领域"反内卷"?工资数据背后,有 何就业"新趋势"?本文梳理,供参考。 趋势一:就业从"追求高薪"转向"反内卷"。 2024年,城镇非私营单位的平均工资增速放缓,但交运、轻工纺服等行业工资得益于营收增长的直接拉 动,仍保持较高增速。 城镇非私营单位就业人员的年均工资增速自2021年回落6.8pct,目前降至2.8%。 但交运、皮革制鞋、服装等行业工资增速分别较2021年回落4.8、上行21.8、15.6pct。行业工资表现较 好,更多是营收的直接拉动,譬如2024年交运业的营收增速超8%。 不同于2019年前就业人员向"高薪"行业集中,2021年后就业更多向工作时间短、时薪高的行业迁移,就 业倾向"反内卷"。 2015-2019年年均工资较高的金融、信息技术服务业的就业占比上行0.6、1.3pct。而 2021年后就业向工作时长短的行业流入,且这些行业时薪"被动"提高;如2021-2023年,卫生业的周工作 时长减少1.5小时,时薪增加9.3元/小时,就业占比上行0.2pct。 目前交运、居民服 ...