China: Employment Trouble AheadBy
China’s economic headache just got a little worse. Along with rising local debt, plunging exports, and lackluster investment, add the specter of weak employment. “Hiring plans in China stand at their weakest level since 1Q 2010,” warned Manpower Group in a June 11 press release (PDF) for its quarterly China employment outlook survey. “Quarter-over-quarter, the Outlook declines by 4 percentage points and hiring plans are 6 percentage points weaker year-over-year,” the report (PDF) says.
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