China’s unemployment rate fell in 2021 as more jobs created

Certain sectors, such as wholesale and retail, saw more employment, which contributed to the overall employment stability.
By: | January 20, 2022
Topics: China | Health and Wellness | Job Cuts | News | Recruitment

China’s unemployment rate fell by 0.5 percentage points year-on-year in 2021, at 5.1%, according to data from the National Bureau of Statistics (NBS).

The surveyed employment rate among workers aged between 16 and 24 comprised 14.3%, while those aged between 25 and 59, which represents the majority of the labour market, registered 4.4%. 

Over the year, a total of 12.69 million new urban jobs were created, registering an increase of 830,000 compared to 2020, Ning Jizhe, head of the NBS told a press conference, reports Xinhua.

Certain sectors, such as wholesale and retail, saw more employment, which contributed to the overall employment stability, said Ning. New employment forms also spurred job creation.

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The stable job market was attributed to China’s job creation, supported by the country’s economic recovery, development, and pro-employment policy, which had a positive bearing on the employment of college graduates and rural migrant workers.