Author: Frank Chen,Alice Li

The Unemployment Situation in Shenzhen: A Temporary Blip or a Brewing Storm? In a recent report, Shenzhen witnessed a decrease of 40,221 jobs in its total workforce, raising concerns about the city’s unemployment rate. The official figures, however, may not capture the full extent of joblessness, with layoffs often going unrecorded. Despite the challenges, an expert from the China Development Institute believes the rise in unemployment is a temporary phase due to the city’s dynamic job market and the influx of job-seekers. However, mismatches between job requirements and skills, as well as technological disruptions, pose additional hurdles. The shift towards…