Employment expectation index of urban depositors China Q1 2019-Q1 2023

Published by C. Textor, Apr 24, 2023
In the first quarter of 2023, the employment expectation index value of urban depositors in China was 52.3. Throughout the years 2018 and 2019, the employment expectation index value was over 50 which suggested that the majority of respondents in China had a positive outlook about their employment in the next quarter. Even though the index value dropped below 50 in the first quarter of 2020, it was only a drop of around five index points compared to the previous quarter. This indicated that the outbreak of COVID-19 had a comparably small impact on respondents' employment expectations in 2020.

Employment expectation index of urban depositors in China from 1st quarter 2019 to 1st quarter 2023

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Release date

April 2023

Region

China

Survey time period

Q1 2019 to Q1 2023

Number of respondents

20,000 respondents

Special properties

among urban depositors in 50 Chinese cities

Method of interview

Online survey

Supplementary notes

Respondents who answered "uncertain" had been removed.

A diffusion index indicates urban depositors income change in the observed quarter. The index is derived by calculating the proportions of respondents who answered that their employment expectation for the next quarter were "good", "normal", and "bad", assigning weights 1, 0.5, and 0 to them respectively. Finally, the average is calculated.

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