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  HOME | Business & Economy (Click here for more)

China Records Lowest Unemployment Rate since 2008 in Q3

BEIJING – China registered an unemployment rate of 3.95 percent at the end of the third quarter, its lowest since 2008, according to China’s Ministry of Human Resources and Social Security on Wednesday.

China created 10.97 million jobs in the first nine months of the year, which is 300,000 more than the same period last year.

“The job market has remained stable with the unemployment rate at its lowest level since the global financial crisis in 2008,” said Lu Aihong, a senior ministry official, in a statement on Wednesday, reported official news agency Xinhua.

China’s employment statistics exclude data from rural areas and takes into account only unemployment rates in the cities.

 

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