AI Data Insight
In Q2 2026 (May), China's Non-Manufacturing PMI Employment Index edged up slightly to 45.8, a marginal recovery from the previous value of 45.6, but remains deeply below the boom-or-bust line. Although the May Day long holiday and infrastructure policies drove overall non-manufacturing prosperity back into expansion, unstable terminal demand and cost pressures continue to make companies highly cautious about workforce expansion. Going forward, it is still necessary to continuously monitor the strength of official domestic demand repairs and the medium- to long-term challenges posed by the real estate recovery to the job market.