Recent data from China’s labour market corroborate evidence elsewhere that the economy has slowed since the start of 2015 but that it has avoided the collapse that many had feared. Migrant wage growth continues to decelerate but remained relatively high at 7% y/y in Q2. Meanwhile, figures collected by local labour bureaus show that the ratio of job openings to job seekers declined further last quarter too and is well down from its level in late-2014. Nonetheless, there are still more jobs available than there are people looking for work.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services