A Comparative Study On Chinese And American Employment Issue Under Financial Crisis

Employment, access to wealth as the main way workers are workers the basic means of survival and development, and also the macroeconomic policies of various countries to achieve important goals. As a large population, national economy, while growth is facing a very serious problem of unemployment. In recent years, the process of economic restructuring, released a lot of employment, a lack of workers, the household registration system reform to promote a large number of rural labor to urban labor market in years, plus millions of new college graduates each year, causing China's "high growth , low employment, "economic growth dilemma.Subprime Mortgage Crisis of America leading to international financial crisis spoiled the world,most of countries and areas were involved in it quickly.The rate of ecnomic growth of America falled to the lowest level in ten years,Furthermore,the rate of unemployment deteriorated gradually,the aggregate number of unemployed is 15.3 million in 2008.Even though China keeps rate of ecnomic growth,the financial crisis has great impact on China both society and economy.Of which,employment of China faced the biggest problem, rural workers go back to home because of less work chance,college graduates'emplyment become more and more difficult.This paper try to compare the issue of employment between China,USA,elaborate the root cause to different situation between two countries,analyse which factors influence employment most.The paper begins with study implications and innovation about this study,the second part was used to seek the theory evidence by virtue of classical theories about employment. The third part of the previous crisis in the United States first reviewed the historical background, the analysis found that the root causes of the current financial crisis is the abnormal growth patterns and imbalances in international trade structure. Specifically, the employment elasticity from the point of view, the U.S. economic recession led to a substantial increase in unemployment, the employment elasticity is negative, but China's employment elasticity are compared with the financial crisis did not change significantly before; The results show that economic growth is support U.S. economic growth in the most important reason, and China's dual economic structure led to China's current depart from Okun's law; in the adjustment of industrial structure, employment structure corresponding to change.Furthermore ,we found that international trade can make China,USA win-win at employment part.