The global financial crisis of 2008 has made huge impacts on China's economy . Chinese government set Maintaining Stable Economic Growth as its top priority and target,enacting a series of macro-control measures to stimulate economy growth .In the second quarter of 2009,macro-economic recovery began and it has been improving steadily so far . However,unemployment is stilla tough issue : the trendof negativeincreaseof new jobs has not changed,demand for labor is decreasing dramatically,hidden unemployment remains high,and migrant-workers become the major group of corporate downsizing . The realization of securing economic growth could not bring about structure adjustment automatically,and it will aggravate structural problems even worse .As thecoefficient ofemployment elasticitychanges consistently,three industries'abilities to increase employment go on further differentiation . Investing fixed assets as the major approach to stimulate economic growth has further strengthened the original structure,resultingin a tense relationship between economic growth and people's livelihood . In order to achieve the coordination and mutual promotion of economic growth and the improvement of people's livelihood,the government should effectively focus on the issues of economic restructuring and updating,employment,social security systems and stimulating domestic consumption.