CHINA – Employment Remains Stable as Economy Steadily Expands (XINHUA)
China's employment remained stable in the first five months of the year, reports Xinhua, citing data from the National Bureau of Statistics.
Analysts say the steady employment situation, an evidence of the country's stable economic development despite external uncertainties, will in return underpin future growth.
The country vowed to create over 11 million new urban jobs this year, with 5.97 million, or 54% of the annual target, having been added in the first five months of the year.
Meanwhile, the country's surveyed urban unemployment rate was 5% in May, below the government's annual target of around 5.5% set for 2019.