China’s Slowdown Already Hit Its Factories. Now Its Offices Are Hurting, Too.

Chinese leaders have acknowledged that creating jobs could be a challenge. During his annual news conference on Friday, Li Keqiang, China’s premier, said that Beijing would make employment for college graduates and laid-off workers a priority this year.

China does not disclose reliable jobs or layoff data, so the full impact of the slowdown is not clear. Some surveys show there is still high demand for jobs in certain sectors. But multiple signs point to trouble for other office workers.

One measure, based on a survey of services businesses, suggests shrinking employment in a variety of industries. Search results from Baidu, China’s biggest search engine, analyzed by Nomura, the Japanese bank, show the term “job seeking” rose to…

Click Here to Read Full Article…