Recently, the China Employment Research Institute of Chinese University and Zhaopin, a leading career development platform in China, jointly launched THE CIER (China Job Market Prosperity Index), reflecting the overall trend and prosperity of the mainland job market. The indicator is obtained by using the data analysis of Zhaopin Recruitment (zhaopin.com) and reflects the change in the proportion of job vacancies and job seekers in the job market through the dynamic changes of supply and demand indicators such as different industries and occupations, different regions and cities, and different types of enterprises, and then plays a role in monitoring the changes in the degree of prosperity in China's job market.
Relevant data show that in the fourth quarter, the intermediary service industry was at the top of the list, and the CIER index was the highest; the employment prosperity index of entertainment/sports/leisure, professional services/consulting (accounting/legal/human resources, etc.), logistics/warehousing, Internet/e-commerce and other industries was still relatively high.
Industry Employment Sentiment Index:
The prosperity index of intermediary services and other industries is higher
Overall, the degree of employment boom polarization between different industries in the quarter is still large, and the difference between the highest and lowest industries in the CIER index is 25.03 times, lower than 30.63 times in the previous quarter, but higher than 21.6 times in the same period last year. During the quarter, the intermediary services industry was at the top of the list, with the CIER index being the highest. The employment sentiment index of entertainment/sports/leisure, professional services/consulting (accounting/legal/human resources, etc.), logistics/warehousing, Internet/e-commerce and other industries is still relatively high. The education/training/college industry is in sixth place, and the employment prosperity index has declined significantly due to the sharp decline in the number of recruitment demand. In the quarter, the energy/minerals/mining/smelting, gifts/toys/arts and crafts/collectibles/luxury goods, environmental protection, tourism/vacation, trust/guarantee/auction/pawn and other industries remained relatively low, and employment competition was fierce.
Sequentially, there were differences in the CIER index changes in industries with higher prosperity indexes. Among them, the number of recruitment demand in entertainment/sports/leisure, professional services/consulting (accounting/legal/human resources, etc.), Internet/e-commerce, electronic technology/semiconductor/integrated circuits and media/publishing/film/television/cultural communication and other industries increased more than the number of job applicants, and the CIER index rose; the number of recruitment demand in intermediary services, insurance and computer software increased less than the number of job applicants, while the CIER index declined; logistics/warehousing and education/training/ The CIER index also declined as the number of recruits from industries such as colleges and universities declined, while the number of job applicants rose.
Year-on-year, the CIER index of industries with higher prosperity index changes are also different. Among them, the number of recruitment demand and job applications in most industries increased, and the number of recruitment demand increased even more, and the employment prosperity index increased; the increase in the number of recruitment demand in the intermediary service industry was smaller than the number of job applicants, and the CIER index decreased; the number of recruitment demand in the education/training/college industry decreased by 30.79%, the number of job applications decreased by 7.91%, and the CIER index decreased significantly; the number of recruitment demand in the insurance industry decreased by 29.58%, and the number of job applications increased by 6.94%. The CIER index also declined.
Employment Sentiment Index:
The occupational prosperity index of technicians/operators, cooking/cooking/food research and development is high
Occupations with a high job market sentiment index in the fourth quarter of 2021 are technicians/operators, cooking/cooking/food research and development, film and television/media/publishing/printing, sales business, and community/resident/domestic services. During the quarter, the ranking of education/training occupations fell from second place in the previous quarter to ninth place, with the CIER index of 9.24, a significant decline year-on-year. The occupations with lower CIER indices are still mainly senior management, sales administration/business, administrative/logistics/secretarial, advertising/mice, purchasing/trading, and pry/media.
Sequentially, there were differences in the CIER index changes for occupations with higher prosperity indexes. Among them, the number of recruitment demand and job applications for occupations such as technicians/operators, cooking/cooking/food research and development, film and television/media/publishing/printing, community/resident/domestic service, software/Internet development/system integration, and customer service/pre-sales/after-sales technical support increased, and the number of recruitment demand increased even more, and the CIER index increased; the number of sales business and logistics/warehousing career recruitment demand increased less than the increase in the number of job applicants, and the CIER index declined; education/ The number of training job recruitment needs decreased by 59.23%, the number of job applications increased by 1.26%, and the CIER index fell by 13.71. Year-on-year, the number of recruitment demand for most occupations increased relatively largely, and the CIER index rose. Among them, the number of recruitment demand for culinary/culinary/food R&D occupations increased by 104.33%, far greater than the increase in the number of job applicants, and the CIER index increased by 7.38. While the number of recruitment needs for education/training occupations decreased by 29.49%, the number of job applicants decreased by 15.41%, and the CIER index was lower than the same period last year.
Regional distribution:
The CIER index in the Yangtze River Delta and Pearl River Delta regions is relatively high, and employment in cities in Beijing-Tianjin-Hebei and northeast China is still tight
In the fourth quarter of 2021, the CIER index in the eastern, central, western and northeastern regions still showed a downward trend. Specifically, the CIER index of the four regions is 1.38, 1.17, 0.87 and 0.78 respectively, and the employment situation in the eastern and central regions is relatively good, and the employment competition in the northeast region is fierce.
Compared with the previous quarter, the number of recruitment demand in the eastern, central and western regions increased, while the number of recruitment demand in the northeast decreased by 3.48%, while the number of job applicants in all regions increased significantly, and the CIER index declined. Compared with the same period last year, the number of recruitment needs in all regions has increased. Among them, the number of recruitment demand in the eastern region increased by 40.30%, and the number of recruitment demand in the central and western regions increased by 16.96% and 11.64% respectively, while the number of recruitment demand in the northeast region changed by a small margin. At the same time, the number of job applicants in various regions has also increased significantly, especially in the central and western regions, which has increased by more than 40%, and the CIER index is lower than the same period last year.
By city, the CIER index of Shenyang, Harbin, Dalian and Changchun is still relatively small, the job market is relatively tight, and the CIER index of Daqing is relatively high. Compared with the previous quarter, the number of job applicants in the above cities has increased significantly, but the number of recruitment demand has either decreased or increased slightly, and the CIER index has decreased significantly.
In the quarter, the CIER index in the Yangtze River Delta and Pearl River Delta regions declined significantly, especially in Jiaxing in the Yangtze River Delta region, where the number of recruitment demand decreased by 42.15%, the number of job applications increased by 35.81%, and the CIER index fell by 4.22. Year-on-year, the number of recruitment demand in the Yangtze River Delta and the Pearl River Delta region increased by 43.22% and 39.96% respectively, but the number of job applicants also increased relatively largely, with the CIER index falling by 0.40 and 0.22 respectively. There are differences in the CIER index changes for cities within the region. Among them, the number of recruitment demand in Shanghai increased by 78.37%, which was greater than the number of job applicants, and the CIER index increased by 0.52; the number of recruitment demand in Foshan increased by 90.08%, the number of job applications increased by 57.64%, and the CIER index also increased; while the number of job applicants in Huai'an, Zhenjiang, Wenzhou and Dongguan in the Pearl River Delta region increased significantly, and the number of recruitment demand or increased or decreased, and the CIER index decreased significantly.