Economic Indicators

Restaurants and hotels in China experiencing shortage of workers

2023.02.03 11:34

Restaurants and hotels in China experiencing shortage of workers
Restaurants and hotels in China experiencing shortage of workers

Restaurants and hotels in China experiencing shortage of workers

By Ray Johnson

Budrigannews.com – After Beijing’s zero-COVID protocols ended, Chinese hotels and restaurants are looking for employees as the services sector recovers, according to a survey by a leading recruiter. The survey revealed a surge in job openings in the hospitality industry.

According to a survey that was released on Friday by Zhaopin, one of the largest recruitment agencies in the county, job openings in the hotel and catering industries increased by 40% during the first six days of work following China’s Lunar New Year holiday.

Due to China’s bustling transportation and logistics sectors following its post-COVID reopening, job openings for passenger vehicle and freight truck drivers, as well as crew members for airplanes and trains, increased by 85.2% during the same time period.

Postings for workers in the manufacturing sector also increased by 42.2%, while openings in the tourism services industry increased by 58.9% as a result of the elimination of the zero-COVID policy and increased demand during the festival season.

From January 28 to February, the survey was taken. 2 in 38 significant cities, including Shenzhen, Beijing, and Shanghai.

According to the survey, overall job openings increased by 43.2%, 19.6%, and 9.2% year-over-year in Foshan, Guangzhou, and Dongguan cities in Guangdong province, a southern economic powerhouse. After experiencing sporadic COVID lockdowns in 2022, the largest provincial economy of the nation’s economy experienced a GDP growth of just 1.9% in 2023.

The loosening of COVID restrictions and the prioritization of economic growth have bolstered confidence, according to 72% of the businesses surveyed.

However, as the property and export sectors in China were more uncertain, more job seekers sought stable positions. More job seekers than in the previous year, 33.9% said they would look for “stable jobs, without layoff risks.”

Another private survey found on Friday that China’s services activity increased for the first time in five months in January.

More:

Food in world getting cheaper for 10 months in a row-FAO

U. S. employment data confirms no signs of recession

Restaurants and hotels in China experiencing shortage of workers

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,555.41 4.41%
ethereum
Ethereum (ETH) $ 3,486.78 2.20%
tether
Tether (USDT) $ 0.998807 0.08%
xrp
XRP (XRP) $ 2.31 2.92%
bnb
BNB (BNB) $ 697.75 1.16%
solana
Solana (SOL) $ 196.98 3.92%
dogecoin
Dogecoin (DOGE) $ 0.337354 4.69%
usd-coin
USDC (USDC) $ 0.999653 0.14%
staked-ether
Lido Staked Ether (STETH) $ 3,481.79 2.40%
cardano
Cardano (ADA) $ 0.935736 2.08%
tron
TRON (TRX) $ 0.255685 1.39%
avalanche-2
Avalanche (AVAX) $ 41.05 5.96%
chainlink
Chainlink (LINK) $ 25.16 3.71%
the-open-network
Toncoin (TON) $ 5.87 5.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,140.99 2.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 6.37%
sui
Sui (SUI) $ 4.60 2.29%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,071.28 4.08%
hedera-hashgraph
Hedera (HBAR) $ 0.324078 10.32%
stellar
Stellar (XLM) $ 0.397771 8.18%
polkadot
Polkadot (DOT) $ 7.53 3.23%
hyperliquid
Hyperliquid (HYPE) $ 30.06 6.87%
weth
WETH (WETH) $ 3,486.02 2.20%
bitcoin-cash
Bitcoin Cash (BCH) $ 467.48 2.53%
leo-token
LEO Token (LEO) $ 9.50 1.58%
uniswap
Uniswap (UNI) $ 14.46 2.11%
litecoin
Litecoin (LTC) $ 108.07 1.98%
pepe
Pepe (PEPE) $ 0.000019 4.85%
bitget-token
Bitget Token (BGB) $ 5.04 19.34%
near
NEAR Protocol (NEAR) $ 5.55 3.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,679.73 2.37%
ethena-usde
Ethena USDe (USDE) $ 0.998708 0.05%
aave
Aave (AAVE) $ 371.61 3.30%
aptos
Aptos (APT) $ 9.77 2.43%
internet-computer
Internet Computer (ICP) $ 11.33 6.25%
usds
USDS (USDS) $ 0.999246 0.21%
crypto-com-chain
Cronos (CRO) $ 0.163649 2.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.525369 5.08%
vechain
VeChain (VET) $ 0.052623 9.51%
ethereum-classic
Ethereum Classic (ETC) $ 27.82 1.69%
mantle
Mantle (MNT) $ 1.23 3.19%
render-token
Render (RENDER) $ 7.79 2.31%
bittensor
Bittensor (TAO) $ 502.46 4.52%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 2.27%
mantra-dao
MANTRA (OM) $ 3.80 0.89%
whitebit
WhiteBIT Coin (WBT) $ 24.92 2.35%
monero
Monero (XMR) $ 191.28 0.83%
arbitrum
Arbitrum (ARB) $ 0.815313 2.51%
dai
Dai (DAI) $ 1.00 0.10%
filecoin
Filecoin (FIL) $ 5.44 5.95%