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Small, micro-sized firms: Labor shortage eased

The number of employees working in Ningbo's small and micro-sized firms amounted to 84.05 million in the first half year, an increase of 8.0 percent over the first quarter, according to a recent statistics issued by Ningbo survey team of the National Statistics Bureau (NSB).

The NSB data show that local small and micro-sized firms are still facing a labor shortage of 2.71 million now, although the shortage is 38.6 percent smaller than the first quarter. A questionnaire reveals that 48.6 percent of small and micro-sized firms do not intend to hire new staff currently, representing 7.5 percentage points increase over the previous quarter. Another 28.3 percent of small and micro-sized firms reported that they had not recruited enough employees they needed or could not recruit any employees at all. The figure means the labor shortage decreased 1.6 percentage points over the previous quarter. The statistics reveals that the labor shortage of small and micro-sized firms has eased in the first half year. However, the average monthly salary of Ningbo's small and micro-sized increased 9.6 percent year on year to 2,181.32 yuan, a 190.74 yuan rise over the same period last year. 38.4 percent of the local firms believe that the rising labor cost will leave them facing a dilemma

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