Economic growth is the basic driving force for bet365 sportsbook review growth，The prerequisite for stable bet365 sportsbook review has always been sustained economic growth。China’s economy has grown rapidly in the past few decades，Especially the rapid development of labor-intensive manufacturing，Promote a large number of rural surplus labor to obtain non-agricultural bet365 sportsbook review opportunities，Unprecedented expansion of bet365 sportsbook review。With the growth of my country’s population、Changes in labor supply and demand，The quality and skill level of the labor force continues to improve，Structural transformation and industrial upgrading are accelerating changes in demand for skills，Promoting bet365 sportsbook review faces more new tasks and challenges。Although structural bet365 sportsbook review problems have emerged during the period of rapid economic transformation，But on the premise that the economy stabilizes and recovers，Both the total bet365 sportsbook review volume and bet365 sportsbook review quality have clear prospects for improvement。First quarter of 2024，my country’s gross domestic product (GDP) increased by 5% year-on-year.3%，An increase of 1 compared with the fourth quarter of 2023.6%，The national economy continues to recover and improve；The national average urban survey unemployment rate is 5.2%，Decreased by 0 compared with the same period in 2023.3 percentage points。

　Achieving bet365 sportsbook review creation and stabilizing the economic fundamentals

Current，The national economy has shown a significant recovery trend，Stable economic fundamentals provide strong support for job creation。Estimated，January-February 2024，The natural unemployment rate as the sum of frictional unemployment and structural unemployment is 5 respectively.24% and 5.27%，The cyclical unemployment rate corresponding to economic fluctuations is almost zero。From a trend perspective，Significant increases in the cyclical unemployment rate mainly occur in 2020 and 2022, when the impact of the COVID-19 epidemic is severe。Considering that migrant workers are highly concentrated in market-oriented sectors，Sensitive to changes in the economic environment，Based on the bet365 sportsbook review situation of this group, we can further judge the trend of China’s short-term economic cycle。First quarter of 2024，The unemployment rate of migrant workers is 5.0%，Lower than the average urban survey unemployment rate (5.2%），The total number of migrant workers is 185.88 million，YoY growth 2.2%，Reflecting that my country’s economic operation is in a continuous cyclical recovery trend，Become a favorable factor for sustained job creation。At a specific stage of development，Non-farm bet365 sportsbook review elasticity is usually stable，This means that as long as the economy keeps growing, steady job creation can be achieved。Therefore，Compared to the bet365 sportsbook review creation pressure brought by the large amount of rural surplus labor force in the past dual economy period，At present, as long as the potential economic growth rate remains at a moderate level, overall bet365 sportsbook review stability can be achieved。

　Manufacturing industry provides basic guarantee for stable bet365 sportsbook review

Manufacturing is an important support for the real economy，Is an important guarantee for economic development and job creation。Since the reform and opening up，The rapidly developing labor-intensive manufacturing industry has become the most important sector for job creation in our country。The seventh census data display，The total number of bet365 sportsbook review in my country’s manufacturing industry exceeds 1.200 million people，Accounting for 22% of total non-agricultural bet365 sportsbook review7%。First quarter of 2024，The added value of my country’s manufacturing industry increased by 6.7%，bet365 sportsbook review scale remains stable。From the perspective of changes in the manufacturing purchasing managers index (PMI)，Transition of epidemic prevention and control since early 2023，my country’s economic operation has fully resumed，Manufacturing PMI experienced a round of rapid rebound and fluctuation，It will become stable after that，It has rebounded to 50 in March 2024.8%，Increased by 1 from February.7 percentage points，Indicates that my country’s manufacturing industry is on the rebound。Further，From the perspective of economic cycle，Consumer Price Index (CPI) more represents the demand and payment ability of consumers as the demand side for goods and services，PMI reflects more on the supply-side companies’ views on production、Planning and actual execution of sales and purchasing。Therefore，CPI is a leading indicator that leads the manufacturing PMI by about a quarter。First quarter of 2024，my country’s core CPI after excluding energy and food prices is 0.7%，It indicates that the manufacturing PMI is expected to continue to pick up in the next few months。Same period，The added value of my country’s high-tech manufacturing industry increased by 7.5%，Higher than the average level of all above-mentioned industries1.4 percentage points。Based on the author’s field research，Biomedicine and medical equipment in the eastern coastal areas of my country、New material、New energy、The operating situation of computer equipment and other advanced manufacturing enterprises has improved significantly，Traditional manufacturing and emerging industries will fully drive bet365 sportsbook review in the future。

　Flexible bet365 sportsbook review in the service industry improves bet365 sportsbook review inclusiveness

Current，The proportion of bet365 sportsbook review in my country’s tertiary industry is close to 50%，is the department that absorbs the most jobs。Relative to manufacturing，The non-manufacturing industry, which is dominated by the service industry, is recovering better，Showing signs of steady recovery since November 2023，Up to 53 in March 2024.0%，Always remains above the critical level of the expansion range。In the three major industries，The bet365 sportsbook review creation effect of the service industry is stronger，Accounting for 59% of GDP in the first quarter of 2024，The service industry’s ability to accelerate recovery and drive bet365 sportsbook review continues to increase。In addition，The bet365 sportsbook review absorption forms of the service industry are flexible and diverse，Can effectively resolve short-term frictional unemployment and structural unemployment，Reduce the natural unemployment rate。It’s worth noting，The service industry is more likely to rely on the fast and efficient Internet technology of the platform，Quickly connect market demand and supply，Release product and service demand，Create new job opportunities，Improving the level of social welfare，Becoming the most flexible and resilient component in my country’s labor market。Flexible bet365 sportsbook review forms provide an bet365 sportsbook review buffer zone for groups with temporary bet365 sportsbook review difficulties，Provide workers with more bet365 sportsbook review options，Especially for migrant workers、College graduates and other new workers entering the labor market have greater ability to resolve frictional unemployment that may occur during job search。In addition，For workers who need to change jobs during the process of economic restructuring，You can obtain bet365 sportsbook review opportunities through flexible bet365 sportsbook review。Visible，The "reservoir" role of flexible bet365 sportsbook review in the service industry reflects the "buffer" against unemployment and the "inclusion" of bet365 sportsbook review to the greatest extent。

　Export-oriented economic recovery improves bet365 sportsbook review situation

As one of the “troika” driving economic growth，Exports drive domestic consumption、Expand bet365 sportsbook review、Plays an important role in promoting economic growth。First quarter of 2024，my country’s total export volume is 5.74 trillion yuan，4 year-on-year increase.9%，Job creation in the export-oriented economy is expected to further increase。The increase in production scale driven by exports will directly expand the bet365 sportsbook review scale of the export industry，And indirectly increase the bet365 sportsbook review scale of related industries through multiplier effect。First quarter of 2024，my country’s net exports of goods and services contribute 14% to GDP growth.5%，Promote GDP growth 0.8 percentage points。At the same time，Exports also promote technological progress、Structural optimization and adjustment further promote high-quality bet365 sportsbook review。Improving the quality of export products and optimizing the structure of export products，The proportion of bet365 sportsbook review of skilled workers will be increased，Promote the matching of skilled labor supply and demand for economic structural transformation，Further optimize the bet365 sportsbook review structure and improve the quality of bet365 sportsbook review。Finally，The expansion of bet365 sportsbook review brought about by exports can further promote domestic consumption。Steady expansion of imports of bulk commodities and consumer goods，Reflects that our country’s overall economy is currently developing towards a better trend，Thus increasing the fundamental role of consumption in economic development，Achieving a positive interaction between economic development and bet365 sportsbook review growth。

　　(This article is a major project bet365 sportsbook review National Social Science Fund "Research on the connotation and implementation path of high-quality population development" (23&ZD182) phased results)

(The author is a researcher at the Institute of Population and bet365 sportsbook review Economics, Chinese Academy of Social Sciences)