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Slideshow China's Wen vows job creation as growth slows: paper Tweet Share this Email Print Related News Oil higher on stimulus hopes, Iran tensions Mon, Jul 16 2012 China's economy cools, shows need for policy action Fri, Jul 13 2012 China trade surplus jumps as import growth falters Tue, Jul 10 2012 China's Wen says investment key to bolster growth Tue, Jul 10 2012 Fed officials favor QE3; Asian data signal drop in global demand Mon, Jul 9 2012 Analysis & Opinion Interview: Richmond Fedâ€™s Lacker on Libor, â€˜soggyâ€™ growth and the limits of monetary policy Beware â€œblame Chinaâ€ earnings phenomenon Related Topics World » China » Chinese Premier Wen Jiabao speaks after signing agreements at the presidential house in Montevideo June 22, 2012. Credit: Reuters/Pablo La Rosa BEIJING | Tue Jul 17, 2012 11:03pm EDT BEIJING (Reuters) - China's job market could turn for the worse and the government needs to step up efforts to create more jobs, Premier Wen Jiabao said in remarks published on Wednesday, underscoring official concerns about an economic slowdown. "Currently and in the future, China's employment situation will become more complex and more severe," the official China Securities Journal quoted Wen as saying. "The task of promoting full employment will be very heavy and we must make greater efforts to achieve it," he added. Compared with 2008/09 when a sudden collapse of exports sent some 20 million Chinese migrant workers homebound, China's job market has remained relatively tight so far this year, partly reflecting the country's demographic shifts. But job cuts could be on the rise as small- and mid-sized exporters are increasingly struggling with slackening orders, rapid wage increases and higher raw material costs. Many college graduates are struggling to find jobs. Maintaining social stability is crucial for Beijing as the country heads into a once-in-a-decade leadership transition. Wen called for all levels of government to give top priority to job creation when they formulate economic plans and more jobs should be created during the process of economic restructuring and urbanization. "We need to maintain steady and relatively fast economic growth to help create jobs," Wen said. A parliamentary meeting on Tuesday concluded that China's economic recovery is not solid, and that Beijing needs to boost investment to bolster flagging economic growth but spending must be adjusted to avoid waste. China's annual economic growth slowed to 7.6 percent in the second quarter, just above the government's 7.5 percent full year target and the weakest quarter since Q1 2009 when the global financial crisis choked world trade flows and saw 20 million Chinese jobs axed in a matter of months. (Reporting by Kevin Yao; Editing by Jacqueline Wong) World China Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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