Employment Situation - In the first half of the year, 6.95 million new urban jobs were created, achieving 58% of the annual target, indicating a faster-than-expected progress [1] - The urban survey unemployment rate has steadily declined, reaching 5% in June, with an average of 5.2% from January to June, which is below the regulatory target [1] - Despite these positive indicators, employment pressure remains significant due to structural imbalances in labor supply and demand, particularly a talent gap of nearly 30 million in key manufacturing sectors [1] Role of Private Enterprises - Private enterprises are crucial for stabilizing employment, providing 80% of urban jobs and absorbing over 70% of rural labor transfers, with 90% of new jobs created in this sector [2] - There is a need to optimize the business environment for private investment and remove systemic barriers to encourage market expansion and job creation [2] - Support measures for enterprises that stabilize job creation include social security subsidies, tax reductions, and low-interest loans [2] Graduates and Employment - The number of college graduates is expected to exceed 12 million by 2025, necessitating the expansion of market-oriented employment channels and stabilization of public job positions [3] - Policies to incentivize organizations hiring recent graduates include one-time employment subsidies, and state-owned enterprises will continue to benefit from policies promoting job creation [3] - There is a focus on adjusting professional structures and enhancing students' professional and entrepreneurial skills to reduce structural employment conflicts [3] Support for Vulnerable Groups - There is an emphasis on strengthening employment support for vulnerable groups through improved public service systems and various financial incentives [4] - Initiatives include creating or purchasing public welfare jobs and providing assistance to older individuals, the disabled, and those long-term unemployed to prevent zero-employment households [4] - The government aims to promote lifelong learning and digital skills training to better align job seekers with market demands [4]