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China employment growth weakens amid slowdown

Employment growth in China’s urban areas slowed in the first quarter of 2015 for the first time since the global financial crisis, the Ministry of Human Resources and Social Security (MOHRSS) said on Friday.

From January to March, China’s employed urban population grew by 3.24 million, 200,000 less than the same period last year, MOHRSS spokesperson Li Zhong said at a press conference, without providing specific reasons for the drop.

Qiu Dongyang, professor at Chongqing University of Technology, attributed the slowdown to the slower economic expansion seen in the first quarter.
 

(Source: Shanghai Daily)