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China's Job Market Stabilizes Amid US Tech Layoffs

4/7/2026

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Story summary
  • The Chinese job market appears more stable than the United States, where tech layoffs are prevalent.
  • On March 24, 2026, college students attended a recruitment fair in Harbin focused on science and engineering.
  • China aims for a city jobless rate of 5.5%.
  • Lower labor costs contribute to fewer layoffs.
  • High-demand algorithm engineers in China earn about $35,000 annually, significantly less than in the United States.