AI Data Insight
In 2025, the total number of urban employed persons in China reached 475.35 million. Although continuing to hit a new historical high, the annual increase was only 1.90 million (+0.4%), far lower than the 11.01 million during the 2023 post-pandemic rebound and the 3.13 million in 2024. Despite the official "newly created jobs" target being overachieved, the massive wave of retirements and a shrinking labor force are significantly offsetting the net benefits of job creation, indicating that the market has entered a stock adjustment period.