Chinese job portal Zhaopin.com today announced it has partnered with global business, financial information and news leader Bloomberg for the distribution of China employment data.
The agreement makes the CIER Employment Index, a key indicator of China's labor market, available to users of the Bloomberg Terminal. Based on data from Zhaopin's online platform, the quarterly CIER Employment Index is jointly published by Zhaopin and the China Institute for Employment Research ("CIER") at Renmin University.
Tracking the ratio changes between job vacancies and job seekers in a variety of industries and cities across the country, the CIER Employment Index identifies the overall trend in China's employment market.
Launched in January 2011, the CIER Employment Index has become a leading barometer of China's labor market and macro-economic environment, and is a useful reference for government decision-makers, employers and job seekers in the country.
Users of Bloomberg Professional service can now find the Zhaopin CIER China Employment Index in economic data under China's Labor Market hierarchies by different sub-categories, including industries, regions and firm-size. The Zhaopin CIER China Employment Index is available to Bloomberg users in both Chinese and English, and will be updated quarterly.
"We are pleased to make the CIER index available to Bloomberg users," said Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin in a press release.
"As the most popular career platform in China, Zhaopin provides dynamic and real-time big data on China's labor market. We are leveraging such big data to provide valuable insights into China's labor market."