Core Viewpoint - The article emphasizes the importance of employment stability and expansion in China, highlighting government efforts to support job creation and improve employment quality during the "14th Five-Year Plan" period [1]. Group 1: Employment Stability Measures - China has maintained an annual urban employment increase of over 12 million since the start of the "14th Five-Year Plan," providing a foundation for improving people's livelihoods [1]. - The government has implemented various policies to support employment, including increasing unemployment insurance refunds, deferring social security payments, and expanding the scope of social security subsidies [3][4]. - In the first half of this year, the reduction in unemployment insurance rates saved companies over 90 billion yuan in labor costs, with 62 billion yuan allocated to 815,000 enterprises for job stabilization [3]. Group 2: Targeted Support for Key Groups - The government is focusing on supporting employment for key groups, such as recent college graduates, by enhancing financial, tax, and job development policies [6]. - A recruitment program for 34,400 college graduates to serve in grassroots positions is underway, with completion expected by the end of August [6]. - Efforts are being made to stabilize the employment of migrant workers and those from poverty alleviation programs, with services tailored to facilitate local employment opportunities [6][7]. Group 3: Addressing Structural Employment Issues - To alleviate structural employment challenges, China is enhancing job training and aligning education with labor market needs, particularly in manufacturing and emerging industries [9]. - The government is promoting collaboration between educational institutions and enterprises to improve job placement rates through targeted training programs [9]. - A large-scale vocational skills enhancement initiative is set to run until the end of 2027, focusing on increasing the supply of skilled labor in manufacturing and service sectors [9][10].

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]