Human Capital Is Important

HUMAN CAPITAL
MSA: capital of Red China (mainland China)
The labor force in China has been increasing for the last fourteen historic period on a constant pose except for the twelvemonth 2009. Most countries in the creation are in crisis which leads the unemployment aims to higher points than ever so before. Since China is a big producer of goods for the rest of the world that help China keep its unemployment rates low. Workers even film the opportunity of quitting ones job to access another(prenominal) similar job but with a higher gainful according to reuters.com.

The labor force in china has been developing at the same pace of the population since the participation rate has been nearly 83% for the last twenty geezerhood. Unemployment rates in China had a positive incline from 1980 which was 5.4 to 2002 that was 13.9 but the slope changed to a negative slope in 2003 towards a set about percentage yearly until 2011 which is 6.5%.

The labor force in Beijing has been really high in the last five years compare to the national rate since there are more(prenominal) opportunities in the city than in the rural areas where people is less(prenominal) productive. The size of the labor force of Beijing in 2007 was around 9,427,000 according to ebeijing.org
Participation rates http://www.bsr.org/reports/BSR_Summary_of_Research_on_the_Labor_Situation_in_BDA.pdf
The unemployment rate in the city of Beijing was 1.



39 % in 2011 which was higher than the previous year that was 1.37 %.
Graph changes in unemployment in the last nine years in Beijing hadnt shift much as one can see in the table below.
Unemployment rate Beijing| | | | | | | |
2002| 2003| 2004| 2005| 2006| 2007| 2008| 2009| 2010| 2011|
1.35%| 1.43%| | 2%| | | 1.82%| | 1.37%| 1.39%|
Discuss how this relates in changes in population in question #2
The unemployment rates have been shifting up and down in small deviations for the last five years. This clearly relates to the changes in population since china has a small harvest in population....If you want to get a full essay, order it on our website: Orderessay



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