China Labor Market Faces Headwinds in Factories, Services: ChartBloomberg News
Two employment indicators in China’s official purchasing managers index released Monday underscore labor-market obstacles. The sub-gauge for services employment was below the 50 line that separates improvement from deterioration for the 12th straight month in January, while the manufacturing counterpart for jobs extended its below-50 streak to more than three years. China’s labor market will also be tested by plans to cut excess industrial capacity and restructure bloated and inefficient state-owned enterprises.
— With assistance by Xiaoqing Pi, and Lee Miller