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  HOME | Business & Economy (Click here for more)

Urban Unemployment in China Drops to 4.83% in September

BEIJING – The rate of urban unemployment in China dropped to 4.83 percent in September, its lowest since 2012, after 9.74 million new jobs were created so far this year, the Chinese National Bureau of Statistics said on Tuesday.

Commissioner of the NBS Ning Jizhe said at a press conference that this drop shows that the labor market in the country is constantly expanding.

Between January and August 2017, 9.74 million new jobs were created in the urban regions of China, taking the country close to reaching its objective of generating 11 million new posts before the year ends, which is a priority for the government.

According to Ning, the number of migrant workers who have left their hometowns rose 2.1 percent in the second quarter, compared to the same period last year.

Between 2013-2016, the unemployment rate in 31 major cities had stabilized at around 5 percent, he added.

One of the government’s objectives is to keep the rate of urban unemployment – the country does not publish figures regarding the labor market in rural areas – under 4.5 percent in 2017.

 

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