Ministry of Human Resources and Social Security: Timely introduce incremental reserve policies according to changes in the situation.
Chen Yongjia, Deputy Director of the Employment Promotion Department of the Ministry of Human Resources and Social Security, stated in the "China Economic Roundtable" large-scale multimedia interview program that the Ministry of Human Resources and Social Security will continuously improve the policy toolbox for stabilizing employment and timely introduce incremental reserve policies according to changes in the situation to provide strong support for consolidating the basic aspects of economic development and social stability. Chen Yongjia introduced that since the beginning of this year, the Ministry of Human Resources and Social Security has introduced a series of policy measures to stabilize employment, such as increasing the loan amount for stabilizing and expanding employment, expanding the range of subsidies for expanding employment, continuing to implement policies for stabilizing employment returns and skills upgrading subsidies, and fully unleash policy dividends. In the first quarter, a total of 35.2 billion yuan in stabilizing employment funds was issued, 23.8 billion yuan in employment subsidies was spent, and 156.3 billion yuan in special loans for stabilizing and expanding employment was issued. Efforts are being made to tap the potential and expand the capacity of key areas, key industries, urban and rural grassroots, and small and micro enterprises, increase support for key groups in employment and entrepreneurship, and increase job supply through every possible means; carry out the "Skills Illuminate the Future" training action, launch special training plans for elderly care services, home care, and long-term care, and constantly improve the skill level of workers; issue a new round of 17 policy measures for youth employment, focusing on migrant workers and especially the target tasks of "two stabilizations and one prevention" for poverty-stricken populations, to fully ensure the employment of key groups... "Through the concerted efforts of all parties, employment this year has started steadily and overall stable. Urban employment has steadily increased from January to April, faster than the seasonal progress; the average urban surveyed unemployment rate is 5.2%, lower than the regulatory target," said Chen Yongjia.
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