PR Newswire
BEIJING, Oct. 26, 2016
BEIJING, Oct. 26, 2016 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities throughout their career lifecycles, released its 2016 third quarter report on China labor market supply and demand for white-collar workers. The report found that competition for white-collar workers continued to ease in the third quarter of 2016 with an average of 38 applications per vacancy, down from 45 in the second quarter of 2016.
China Third-Quarter White-Collar Labor Market Highlights:
Overall market supply and demand for white-collar workers
Zhaopin publishes the competitive index for the labor market based on data collected from its online platform. The competitive index is calculated with the number of resume applications divided by the number of job vacancies. For the third quarter of 2016, the competitive index was 37.8, which means there were an average of 38 applications per job vacancy.
The competition in the white-collar labor market has been waning since the start of this year. The competitive index declined to 37.8 in the third quarter of 2016, down from 45.1 in the second quarter and 48.0 in the first quarter. Even with college graduates entering the labor market in the third quarter, the job competition continued to ease as more white-collar workers held on to their jobs, waiting for year-end bonuses.
Competitive index 2015-2016 | |
Quarter | Competitive index |
Q4 2015 | 36.8 |
Q1 2016 | 48.0 |
Q2 2016 | 45.1 |
Q3 2016 | 37.8 |
(Competitive index = number of applications/number of job vacancies)
Beijing was still the most competitive city for white collar workers, with a competitive index of 78.5 in the third quarter of 2016, followed by Chengdu (52.8), Shenyang (50.9), and Shenzhen (48.7). Except for a few cities such as Beijing and Kunming where the competition intensified in the third quarter, most cities saw the job competition weakening in the third quarter.
Competitive index for cities in the third quarter of 2016 | |||||
Ranking | City | Index | Ranking | City | Index |
1 | Beijing | 78.5 | 18 | Wuhan | 24.9 |
2 | Chengdu | 52.8 | 19 | Zhengzhou | 23.8 |
3 | Shenyang | 50.9 | 20 | Wuxi | 23.6 |
4 | Shenzhen | 48.7 | 21 | Qingdao | 23.1 |
5 | Shanghai | 42.3 | 22 | Guiyang | 22.9 |
6 | Dalian | 40.5 | 23 | Shijiazhuang | 21.9 |
7 | Tianjin | 37.9 | 24 | Hangzhou | 21 |
8 | Guangzhou | 36.9 | 25 | Hefei | 19.3 |
9 | Xi'an | 35.2 | 26 | Jinan | 19 |
10 | Suzhou | 32 | 27 | Yantai | 16.1 |
11 | Harbin | 31.1 | 28 | Fuzhou | 14.7 |
12 | Changchun | 30.1 | 29 | Nanning | 14.2 |
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