CHINA - Job Market Remains Stable

Posted 27th September 2019 • Written by •

China's job market remained generally stable in the first eight months of the year, with the number of newly created jobs achieving 89.5% of this year's target, reports, citing data from the National Bureau of Statistics. A total of 9.84 million new urban jobs were created during the January-August period.  At the same time, the surveyed urban unemployment rate dropped 0.1% to 5.2% in August. Among those aged between 25 and 59, who represent the majority of the labor market, the urban unemployment rate stood at 4.5% in August, down from 4.6% in July. Meanwhile, the surveyed unemployment rate in 31 major cities was 5.2%.