China's Job Market Falters amid Economic Uncertainty

China's economic recovery causing global concern despite slight rebound in August. Recruiters seeing drop in confidence on both employer and employee side.

Some industries like hospitality growing, while others like biotech slowing hiring. Internet platforms laying off workers, not recruiting aggressively.

Consumer/luxury goods resilient but real estate and tutoring declines affecting job market. Recruiters seeing 30-40% revenue drops.

Job hoppers can no longer expect 20-30% raises. Many accepting lateral moves or even cuts to change jobs.

With weak domestic prospects, some Chinese firms expanding overseas, recruiting abroad and in China for foreign branches.