Posted June 12, 2018 09:20:59 The most robust job market is China, which has the lowest unemployment rate among the world’s developed countries, according to a new analysis by data firm BIMODAL.
China’s economy has more than doubled in the past decade and is expected to grow by 6.7 percent in 2021.
The latest BIMOTAL survey, conducted in May and June, showed China’s labor force participation rate has fallen to 62.9 percent from 63.9.
The country’s labor market is expected at a robust 78.1 percent by 2021, the firm said.
The U.S. is the only advanced economy with a lower labor force Participation Rate.
The index, known as the Labor Force Participation Rate, is a proxy for the participation of people between the ages of 15 and 64, the group that includes retirees.
China’s labor participation rate of 62.5 percent, as of May 31, 2021, was the lowest among the G7 nations.
The Organization for Economic Cooperation and Development (OECD) and the World Bank have both reported that China’s rate is the highest in the world.
The world’s largest economy has struggled to get people back to work since a mass protest in March that shut down factories and forced thousands of people to seek refuge in shelters and restaurants.
The Chinese Communist Party has said the government has been working hard to restore jobs and has tightened regulations on businesses and people to ease the burden of the massive economic downturn.
But many workers and employers fear the government’s plan to allow private companies to hire temporary foreign workers and allow them to temporarily hire foreign workers is too broad, and will force many workers to work long hours for low wages.
Despite efforts by the government to ease restrictions on hiring foreigners, the labor market remains heavily controlled by employers.
The labor market in China is still weak compared to the OECD average.
The Labor Force Survey of the Bureau of Labor Statistics (BLS) shows that China had one of the lowest labor participation rates in the developed world, the BIModal report found.
China had the second-lowest labor force growth in the G-7, according the BLS survey, at 7.4 percent in 2020.
Chinese companies have reported hiring foreign workers, and they have been filling positions that are available in China.
China has one of China’s most labor-intensive industries, according its National Bureau of Statistics (NBS), which tracks labor productivity.
China’s economy is the second largest after the U.K. in terms of the volume of goods produced and exported.
China relies heavily on exports to Asia, which are used to support its massive economy.
China is one of only two major economies in the Organization for Islamic Cooperation (OIC) that does not export its goods.
China imports nearly a third of its oil and more than half of its coal.
China is also one of four nations that export most of its food.
In addition to the country’s economy, the United States has a robust labor force with about 5 million people employed in the labor force.
The largest group of workers in the U-S labor force is women with nearly 4 million, according BIMO.BIMODal, which conducts its surveys using data from over 150,000 businesses and more that 2.3 million workers, is an independent data company that is not affiliated with any government agency.
It is based in Hong Kong.
It was created by a consortium of data and business experts led by Dr. Michael Gartenberg, a professor at the University of Pennsylvania’s Wharton School.
“Our mission is to help governments and businesses understand their economies better and make better decisions about how to best manage the labor forces of their people and companies,” Gartenburg said in a statement.
BIMO is the first of its kind, according Google Finance data company.
The firm said it was launched in 2007 and the BIS started using it in 2016.
The firm also has partnerships with the World Economic Forum and the University College London.