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  HOME | Business & Economy (Click here for more)

Unemployment Rate in Chinese Cities Fell 4.8% in May

BEIJING – Unemployment rate in urban areas in China stood at 4.8 percent in May, a 0.1 percentage decline as compared to the same month of the previous year and against April as well, official news agency Xinhua reported on Thursday.

The Xinhua report quoted data from the National Bureau of Statistics (NBS) and said China’s job market was stable in May, and unemployment was relatively low.

In a total of 31 cities unemployment remained at 4.7 percent, one-tenth lower than the May 2017 data and unchanged with respect to the last month, the Xinhua report had added.

According to the report, the unemployment rate was calculated taking into account the number of unemployed people who participated in an NBS survey, including migrant workers.

The method began to be used in 2014 to reflect more precisely the situation of the country’s labor market and complements data collected by the Ministry of Human Resources and Social Security.

Since April this year, NBS has been publishing monthly reports on its employment surveys, aiming to improve macro-control and to provide information to lawmakers on employment policies.

China’s urban areas account for more than half of the national population and have a much higher level of development than rural areas, so unemployment rate in these places do not reflect the country as a whole, the Xinhua report had added.

 

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