The supply and demand of chinese labor market
After 21st century, a series of changes take place in the supply and demand structure of the urban labor market. When the total amount of labor market remains in oversupply, a structural supply shortage and surplus occurred in the labor market. This kind of structural supply shortage and surplus means as follows:
By geographically are labor supply shortage in eastern coastal areas and oversupply in the Midwest.
By education is oversupply of comprehensive talent above bachelor, supply shortage of skills-based education talent and shortage of unskilled workers with low education.
China is still facing greater pressure on urban employment, the pressure mainly from two aspects. One is the transfer of rural labor to urban areas; the other is the pressure of new entrants in the labor market. The two aspects are gradually converging into a single pressure – new entrants on the labor market, because more and more rural youths do not choose to work in rural areas.