Employment demand across China's first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen saw negative growth year-on-year for the first time, according to a report issued by the China Institute of Employment Research at Renmin University of China.
The CIER index, designed to monitor China's job climate, rose to 2.43 in the third quarter from 2.26 in the second, indicating continuous improvement in employment.
Urban resource optimization, a declining registered permanent residence quota and relocation of outdated industries are the main reasons behind decreasing demand, said Zeng Xiangquan, director of the institute, adding the trend would continue.
More job applicants are expected to flow to emerging first-tier cities, he said.
In the IT/internet sector, which saw the highest employee increase,employment demand in emerging first-tier cities and third-tier cities increased 121% and 82% respectively, much higher than the national average level of 60%, while demand in first-tier cities saw negative growth, with a fall of 2%.
Employment in Northeast China saw and uptrend, with the CIER index rising to 1.42 from 1.33 in the second quarter. Employment demand in this region increased 57 percent over last year, much higher than 33 percent in East China.
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