Sino-Singapore Jingwei Client July 15th Recently, Zhilian Recruitment released the "China Employment Market Prosperity Report" (hereinafter referred to as the "Report") for the second quarter of 2020, showing that the employment situation in the intermediary service industry was the best in the second quarter of 2020.
"Report" pointed out that CIER is China's job market prosperity index, reflecting the overall trend and prosperity of my country's job market. This indicator reflects the changes in the ratio of job vacancies to the number of job seekers in the job market through dynamic changes in supply and demand indicators such as different industries, different regions, different city levels, and different types of businesses.
The employment prosperity index for the third quarter is expected to decline year-on-year
"Report" pointed out that the CIER index for the second quarter of 2020 was 1.35, lower than the 1.43 in the first quarter, and also lower than 1.89 in the same period last year. According to past experience, the demand for employment will rise in the second quarter, while the job-hopping fever will become more rational after the Spring Festival, and the graduation season of colleges and universities will come, the increase in job application will decline. Affected by the epidemic this year, college graduates have extended their job search time and are more dependent on online job search channels. The number of job applicants in the second quarter still increased significantly. From a quarter-to-quarter perspective, the number of recruitment needs and the number of job applicants increased by 34.74% and 42.55% respectively this quarter. Due to the relatively larger increase in the number of job applicants, the CIER index was lower than the previous quarter. On a year-on-year basis, due to the continuous impact of the epidemic situation at home and abroad, the number of recruitment needs decreased by 9.89%. At the same time, the size of job seekers increased by 25.82%, and the CIER index was lower than the level in the second quarter of 2019.
The "Report" also pointed out that the forecast based on the measurement model shows that the periodic component of the CIER index in the third quarter of 2020 will be lower than the second quarter of 2020, the trend component will also be lower than the second quarter, and the seasonal factors will increase. On the whole, the CIER index in the third quarter of 2020 will be higher than that in the second quarter of 2020, but it will still be lower than the same period last year.
Image source: "China's Job Market Prosperity Report" in the second quarter of 2020
"Report" further pointed out that the forecast based on the measurement model shows that the periodic component of the total recruitment demand in the third quarter of 2020 will be basically the same as the second quarter of 2020, the trend component is slightly higher than the second quarter, and the seasonal factor is lower than the second quarter. On the whole, the total number of recruitment needs in the third quarter of 2020 will be lower than that in the second quarter of 2020, basically the same as the same period last year.
The employment situation in the intermediary service industry was the best in the second quarter
The "Report" shows that, overall, the degree of polarization of employment in different industries in the second quarter is basically the same as that in the previous quarter, but there are differences in changes in the prosperity index between industries. In the second quarter of 2020, the intermediary service industry rose to the top, with the best employment situation, entertainment/sports/leisure, education/training/colleges, insurance, professional services/consulting (accounting/legal/human resources, etc.) and Internet/e-commerce Employment in other industries is still relatively good.
Image source: "China's Job Market Prosperity Report" in the second quarter of 2020
From a chain perspective, intermediary services, entertainment/sports/leisure, professional services/consulting (accounting/legal/human resources, etc.), Internet/e-commerce, electronic technology/semiconductors/integrated circuits, real estate/building/building materials/engineering and hotels/ The increase in the number of recruiting needs in the catering and other industries is relatively large, and it is greater than the increase in the number of job applicants. The CIER index rebounded from the previous month. Especially in the entertainment/sports/leisure industry, driven by live events/hosting and other online activities, the number of recruiting demand in this quarter increased by 117.82% month-on-month, much larger than the increase in the number of job applicants, and the CIER index increased significantly. However, the number of recruitment needs in education/training/institutions, insurance, and outsourcing services may have decreased or increased relatively small, and the CIER index fell sequentially.
On a year-on-year basis, the CIER index of most industries with better employment conditions declined. Intermediary services and education/training/university industry recruitment demand growth is smaller than the number of job applicants, this quarter CIER index is lower than the same period last year; insurance, Internet/e-commerce, real estate/building/building materials/engineering, hotel/catering and outsourcing services In other industries, the CIER index also declined year-on-year due to the decrease in the number of recruiting needs. The recruitment demand for the entertainment/sports/leisure, professional services/consulting (accounting/legal/human resources, etc.) and electronic technology/semiconductor/integrated circuits has increased significantly, especially the entertainment/sports/leisure industry has increased by 371.15% , CIER index rose year-on-year.
In the second quarter, the mechanic/operator was the most popular
The "Report" shows that the occupations with a high employment market sentiment index in the second quarter of 2020 are still technicians/operators, film/media/publishing/printing, sales, cooking/cooking/food R&D, and education/training. The ranking of technicians/operators is still in the first place this quarter, with a CIER index of 17.95.
Image source: "China's Job Market Prosperity Report" in the second quarter of 2020
From a quarter-on-quarter perspective, the majority of occupations with better employment conditions have been affected by the increase in the number of recruitment needs greater than the number of job applicants, and the CIER index has risen. Especially for occupations such as mechanics/operators, film and television/media/publishing/printing, community/residents/housekeeping services and health care/beauty/hairdressing/fitness, the number of recruiting needs has increased by more than 50%. It is as high as 102.58%. The increase in the number of recruitment needs for cooking/cooking/food R&D and education/training occupations is less than the number of job applicants, while the CIER index has decreased sequentially.
Compared with the same period of last year, the number of recruitment needs of most occupations may decrease, or the increase will be less than the number of job applicants, resulting in a year-on-year decline in the CIER index; the demand for video anchors in the film, television, media, publishing, and printing professions has grown rapidly, and the number of recruitment needs for this occupation has increased year-on-year. At 204.53%, the CIER index increased by 6.70 from the same period last year.
The occupations with lower CIER index are still mainly IT management/project coordination, procurement/trade, senior management, sales administration/commerce and project management/project coordination.
The employment situation in the Yangtze River Delta is relatively good
The "Report" mentions that 55 sample cities are classified according to the division of administrative regions to obtain the CIER index for different administrative regions in the second quarter of 2020. The results show that the CIER index in the eastern region is the highest in the second quarter of 2020, the CIER index in the northeast region is the lowest, and the CIER index in the central and western regions is close. Specifically, the employment situation in the eastern region is relatively good, with a CIER index of 1.07; followed by the central and western regions, the CIER index is 0.91 and 0.90; the employment situation in the northeast region is still the worst, the CIER index is 0.68, and the employment competition is relatively fierce.
The "Report" pointed out that the CIER index of the Beijing-Tianjin-Hebei region was 0.61 this quarter, and the job market was still relatively tight. From a quarter-on-quarter perspective, affected by the increase in the number of recruiting needs, the region’s CIER index rose month-on-month; from a year-on-year perspective, the number of recruiting demand decreased by 22.16%, and the number of job applicants decreased by 10.04%. The employment situation in Shijiazhuang and Qinhuangdao in the region is still relatively better, and the employment competition in Beijing and Tianjin is still relatively fierce. Beijing's CIER index was 0.23 this quarter, and the job market is more competitive. Among them, in April and May, the Beijing CIER index was 0.21 and 0.22 respectively. In June, due to the impact of Beijing epidemic prevention and control, the number of job applicants decreased by 17.40%, and the CIER index rose to 0.26.
"Report" also pointed out that the employment situation in the Yangtze River Delta is still relatively good. From a quarter-on-quarter perspective, the number of recruiting needs in the Yangtze River Delta region increased by 25.70%, which was greater than the increase in the number of job applicants, and the CIER index rose month-on-month. In the region, cities such as Changzhou, Xuzhou, Zhenjiang, and Jiaxing experienced a large increase in the number of recruitment needs, and the CIER index rebounded significantly. On a year-on-year basis, the number of recruitment needs in the Yangtze River Delta region decreased by 15.64%, especially in cities such as Shanghai, Nanjing, Hangzhou, Wuxi, and Ningbo, where the number of recruitment needs fell relatively. The number of job applicants increased by 2.49%, and the CIER index was lower than the same period last year. The CIER index of the Pearl River Delta region was slightly lower than 1 this quarter, and the employment situation was better than that of the Beijing-Tianjin-Hebei region, but worse than that of the Yangtze River Delta region. Compared with the previous quarter, the increase in the number of recruitment needs in the Pearl River Delta region was less than the number of job applicants, and the CIER index fell sequentially. Compared with the same period of last year, the number of recruitment needs in cities such as Guangzhou, Shenzhen and Zhuhai has decreased relatively. The number of recruitment needs in the Pearl River Delta region has decreased by 20.21%, while the number of job applicants has increased by 4.73%. The CIER index has also decreased year-on-year. (Sino-Singapore Jingwei APP)