The global spread of COVID-19 pandemic has destroyed the world free trade order and induced a huge unemployment crisis, which requires an active response. The findings show that: (1) it is necessary to fully play the role of market mechanism in the effective allocation of factors, stabilize the foreign trade market, maintain the global supply chain, and promote employment. (2) In terms of demand management policies, targeted and precise fiscal and monetary policies need to be used to support enterprises to increase employment. It is suggested to establish a policy bank for small and medium-sized enterprises in China to serve small and medium-sized enterprises. (3) In terms of supply and service policies, China needs to improve trade and investment facilitation and public service efficiency to support enterprises in expanding foreign trade and employment. (4) In terms of income policy, temporary consumption coupons are offered to expand local domestic demand, and local government bonds can be issued to promote public investment demand and increase employment in the short term, and the “Internet