China’s Employment Outlook and Income Confidence Hit Record Lows: Survey

[Epoch-Times-Bot]

China's Employment Outlook and Income Confidence Hit Record Lows: Survey

As the economic slump grew deeper this year, Chinese people's trust in the labor market, their wages, and their interest in purchasing homes all plummeted to record low levels, a recent survey shows. 
The People's Bank of China's Employment Sentiment Index, representing residents' prospects for jobs, fell to 33.1 in the fourth quarter of 2022, down from 35.4 in the prior quarter, according to Bloomberg.
It is the lowest figure since the data began to be collected back in 2010. Figures under 50 signify a contraction in the industry.
Meanwhile, the Income Confidence Index—signifying the outlook for income in the next three months, saw a decline to 44.4 compared to 47 in the third quarter. ...

Source: China's Employment Outlook and Income Confidence Hit Record Lows: Survey

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