Factor Analysis Of Macro Policy Affecting Employment

Employment is vital to people’s life; it has been focused by home and abroad and has great significance to maintain social stability, economic growth. On the issue of the employment, both theory and empirical studies of foreigners are gradually mature, but the domestic research is burgeoning. During the "Twelfth five-year" and even a longer period of time, labor market in our country will change a lot:on the one hand, on the model of economic growth which bases on intensive labor force and low cost can’t go on; On the other hand, with the upgrading of industrial structure, it becomes great need for promoting employment of laborers. The development of economy expands space of theoretical research, and theoretical research will provide important reference for the economic development.With the development of industry and modern service industry, different industries have different impact on employment absorbing. It is a great opportunity for country to target to promote the increase of employment in the industry. China is a manufacturing country, since reform and opening up policy, the manufacturing industry has maintained rapid growth; besides the real estate industry is the dominant industry in China. As the link between food manufacturing industry and the real estate industry, accommodation catering services is also an important department of national economic, and the mechanism of mutual promotion between the three industries has become the main way to boost employment.As important parts of national economy, the real estate industry, food industry, accommodation catering services not only bring economic growth, but also increase employment. With the development of economy, the number of the real estate industry, food industry and accommodation catering services is also growing, benefit of enterprises is getting better and better, and enterprise scale is becoming more and bigger. These three industries not only become the important force to boost economy, also has a great contribution to absorb large number of employment. The significance of the article is aimed at empirical research of macroeconomic policy, fiscal policy and monetary policies impact on the quality of employment; analyze the influence of each factor, explore the effect of factors to improve employment of three industries and find solutions to improve it, provide the basis for the government to formulate effective policies. Through the comprehensive evaluation of employment, we get a better understanding of labor market, especially the employment of the real estate industry, food industry and accommodation catering services; we can provide the basis for the government regulation and policy.About the factor analysis of fiscal policy and monetary policy on employment, the main content of this article is divided into five parts:the first chapter mainly introduces research background and significance, research ideas and research methods. The second chapter studies mechanism analysis of macro policies affecting the employment, respectively from fiscal policy (expenditure, tax) and monetary policy tools (reserve requirement ratio, interest rate, open market operation), item by item, analyze its impact on the employment of three industries. The third chapter studies the problem analysis of macro policies affecting employment, including the influence of macro policy on three industries and industries on employment. The forth chapter is factor analysis. Using SPSS16.0software for factor analysis, analyze the impact of fiscal policy and monetary policy on the employment, further find out the related factors affecting employment of three industries, then select factors which are quantifiable and have little relation to carry on the empirical analysis. The fifth chapter is the conclusion of this article. According to the result of factor analysis, sort out factors in accordance with the impact on the employment, then do comparative analysis, so dominating factors will be the main reference index of policy improvement.The main conclusion of this article is:First of all, reduce tax scale of three industries. Empirical analysis results show that the macroscopic policy influence the three industry jobs have the same effect in tax, therefore, in order to improve the employment of the three industries, fiscal and tax policies can be used in the three industries to promote the development of the industry and further promote the increase of employment. Secondly, perfect safeguard mechanism of nonproductive expenditure. Nonproductive expenditure has great significance in the employment of food industry and accommodation catering services. Because these two industry development is dependent on consumer behavior, it is urgent to perfect safeguard mechanism of nonproductive expenditure to improve the level of employment.Thirdly, control real estate loans. The empirical results show that the operation of the real estate industry mainly depends on the loan; as a result, interest rates and deposit reserve rate have a great influence on the real estate industry employment. But in order to guarantee the stability of employment, interest rates and deposit reserve rate fluctuations should be controlled to guarantee the loan of real estate industry.