China's total employment hits 760 mln
(Xinhua)
Updated: 2006-01-20 09:58
By the end of 2005, the working population of 760 million hit a record, with an increase of 40 million over that of five years ago. More than 180 million workers laid off from state-owned enterprises got re-employed, said spokesman Hu Xiaoyi at a press conference.
Last year, he said, the number of people without jobs stood at 8.39 million, with a registered unemployment rate of 4.2 percent.
"This is the third consecutive year China has achieved the government's goal of employment and re-employment targets," said Hu.
Meanwhile, China has established its basic social security systems backed up by insurance funds to ensure smooth transitions during the nation's social and economic changes.
The social insurance funds, including pension, unemployment, medical care, work injury and maternity insurance, reached 700 billion yuan (US$87.5 billion) in 2005, with 540 billion yuan paid to beneficiaries, Hu said.
From 2001 to 2005, enterprise retirees received 1.5876 trillion yuan in basic pension, a rise of 803.2 billion yuan, or 103 percent, from the previous five years.
In Shanghai, the city government aims to keep its unemployment rate unchanged from a year earlier at 4.5 percent this year.
The government pledges to create 500,000 new jobs this year by offering incentives to business startups and providing job trainings.
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