Study on Industrial Employment Absorptive Capacities: an Input-output Analysis

Under the background of new normal economic development in China, the research on employment absorptive capacities in different industries is very necessary, which is beneficial to carry out industrial structure adjustment and employment stability. Based on the analysis of industrial characteristics of employment with different levels of education, this paper analyzes the effects of the correlations between various industries on the employments at different educational levels, and then further studies the direct and indirect employment absorptive capacities at different educational levels in each industry using input-output model. The research results suggest that manufacturing, construction and agriculture, forestry, animal husbandry and fishery are the most dominated sectors absorbing the persons with high school or below educated, especially primary school or below educated; while the attraction to labors with higher education is mainly reflected on indirect path. The key sectors of employing labors with higher education are education, public management, social security, social organization, et al. The development of emerging industries and the upgrading of traditional industries increase the demand for high-level talents. Under such new situation, policy makers should take corresponding measures to actively guide the labors with different education levels, especially college and university graduates to understand the employment selection tendency aiming to make their selections synchronized with industrial development and structural adjustment, and also systematically consider the adjustment of educational structure, employment structure and industrial structure.