Hiring prospects have worsened in China, recruitment firm Manpower Group found in its latest survey.
A net 6% of firms surveyed plan to increase hiring between April and June - the lowest since the third quarter of 2017, the data showed. Tuesday's survey also showed a drop from the more optimistic 10% in the first quarter of this year, indicating that the brief pickup from a slowdown in 2018 has yet to prove its sustainability.
More employers were uncertain about the next three months, with that number jumping to 43% from 19% in the prior quarter. The survey covered 4,209 companies of different sizes in China.
Making sure people have jobs is a growing worry for the Chinese government as it tries to manage a slowing economy and cinch a trade deal with its biggest trade partner.
During the opening of China's largely symbolic National People's Congress last week, Premier Li Keqiang announced that ensuring employment would become a priority for national policy for the first time. At that meeting, Li also gave an economic growth target of between 6% to 6.5% - slower than last year's 6.6% - and noted the negative impact from trade tensions with the U.S.
Tariffs and uncertainty on trade have particularly hit some export-related companies in Guangdong, a researcher at China's State Council said in late February. He added that the government must make sure people have jobs in order to ensure social well-being and consumption, which is critical for the economy.
Consumer spending now accounts for 76% of China's growth, according to official reports.
However, consumers may be less willing to spend as uncertainty grows about their job security and wage growth.
Hiring prospects have worsened in China, recruitment firm Manpower Group found in its latest survey.
Making sure people have jobs is a growing worry for the Chinese government as it tries to manage a slowing economy and cinch a trade deal with its biggest trade partner.
Tariffs and uncertainty on trade have particularly hit some export-related companies in Guangdong, a researcher at China's State Council said in late February. He added that the government must make sure people have jobs in order to ensure social well-being and consumption, which is critical for the economy.
