T. H. Data Flash – China Online Recruitment – July 2014: Continued Softness in Job Postings Growth with a Bigger Drop in Manufacturing and Higher Increase in IT
T. H. Data Flash – China Online Recruitment – July2014
Continued Softness in Job Postings Growth with a BiggerDrop in Manufacturing and Higher Increase in IT
July 2014 Operation Data Highlights:
In July of 2014, the number of daily job postings increased 15.1% Y/Y for JOBS (Figure 1) and 13.2% Y/Y for ZPIN (Figure 2), according to our proprietary data. Both of these growth rates were slower than the growth in 2Q14 at 18.6% and 14.4%, respectively.
•JOBS: Increasing penetration into lower tier cities – In July, the Y/Y growth of daily job postings on 51job.com slowed to 15.1% from 18.6% in 2Q14 (Figure 1), while the growth rate of the postings in areas outside of tier 1 and tier 2 cities continued its high growth at 23.2% Y/Y in July (Figure 5). As a result, job postings in those areas increased to 38.7% of total postings in July 2014, up from 36.1% in July of 2013 (Figure 7).