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View All NewsChina – After rollercoaster start to the year, job vacancies expected to stabilise in June
There were 4% more jobs advertised in China during April 2015 compared with the same month last year, according to a survey from staffing firm RGF HR Agent, a subsidiary of Japanese recruitment firm Recruit Holdings.
RGF HR Agent offers recruitment services predominately to Japanese companies operating in China but also offers services to local companies.
Only three of the seven industries included in the survey reported an increase in the number of jobs advertised during April 2015. The strongest growth was reported in the IT sector, which advertised 31% more jobs compared with last year. This was followed by the manufacturing sector (21%) and wholesale/trade sector (1%).
The sharpest declines were reported in the finance/insurance sector, which advertised 41% fewer jobs in April 2015 compared with a year ago; followed by construction/real estate (32%), and the services sector (27%).
RGF HR Agent noted that, as the Chinese New Year fell later in the year than usual, there have been some big changes in the number of jobs advertised each month. In January 2015 there were 37% more jobs advertised compared with last year. In February, the month in which the Chinese New Year fell, there were 14% fewer jobs advertised than in the same month in 2014. Job advertisement levels rebounded in March, increasing by 20%, year-on-year, before growth eased back to 4% in April.
The company expects significant growth in job advertising numbers in May 2015, before the market stabilises in June.