Elusive wage growth, ample openings: China too catches it
White-collar pay edges down and pay rises for the nation's 281 million migrant workers also narrows
Beijing
CHINA'S labour market remains tight and unemployment low. And yet - just like in the US, Europe and elsewhere - wages growth isn't reflecting that strength.
Official and private gauges show demand for hiring remained healthy in the second quarter, with even the weakest regions and sectors recovering. Yet white-collar pay edged down from the first quarter and pay rises for the nation's 281 million migrant workers also narrowed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons