China’s urban unemployment rate fell marginally in September

Data showed that the country’s surveyed urban unemployment rate fell 0.5 percentage point to 4.9% in September year-on-year.
By: | October 20, 2021
Topics: China | Job Cuts | News | Recruitment

This was revealed by the National Bureau of Statistics (NBS), who also said that in the first nine months of this year, the country created 10.45 million new jobs in its urban areas, achieving 95% of the annual target.

NBS spokesperson Fu Linghui said the job market remained generally stable in the third quarter of this year, attributing it to key factors such as sustained economic recovery and the implementation of job-first policies.

The recovery in the service industry is also conducive to expanding employment, Fu said, adding that the index measuring the service sector’s output increased 0.4 percentage point in September month-on-month.

By age group, the surveyed unemployment rate among those aged between 16 and 24 was 14.6%, while the rate among those aged between 25 and 59 – which form the bulk of the labour force – stood at 4.2%.

By region, the surveyed unemployment rate in 31 major cities was 5.0% in September, down 0.3 percentage points month-on-month.

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The surveyed urban unemployment rate is calculated based on the number of unemployed people who have participated in the employment survey in urban areas, including migrant workers in cities, according to Xinhua.