Policy Needs To Enhance Support For Employment

Both fiscal and monetary policy should focus on stabilising employment, especially in the service sector, small businesses and self-employed groups, Economic Daily said in a commentary. The employment situation is severe and challenging this year, it said, noting that GDP expansion is crucial to ensure labor market stability considering one percentage point of GDP growth would provide 2 million jobs. The authorities will enhance training to the key groups and push cooperation between eastern and western regions of the country in a bid to create new jobs and relocate labor sources, it said.