It Looks Like the Worst Chinese Labor Market Since 2015
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China’s job market in the first three months of this year was the weakest it has been since 2015 as demand for workers dropped and the number of people looking for work jumped.
The ratio of job vacancies to job seekers declined to 1.68 in the first three months of this year, versus 2.38 in the fourth quarter of 2018 and 1.91 a year earlier. That’s the lowest level since early 2015, when leading online recruiter Zhaopin.com starting releasing the data.