China's surveyed urban unemployment rate was at 5.0 percent in June, the same as in May and remaining at its lowest in two years. The jobless rate of the population aged 16-24 rose to 15.4 percent from 13.8 percent in May. Meantime, the surveyed unemployment rate in 31 large cities and towns was unchanged at 5.2 percent. The average weekly working hours of employees in enterprises across the country was 47.6 hours, an increase of 0.3 hours from May. At the end of Q2, the total number of rural migrant laborers was 182.33 million. In the first half of the year, 6.98 million new jobs were created in cities and towns across the country. China has set a target of creating 11 million new urban jobs and a surveyed urban unemployment rate of 5.5 percent for this year. source: National Bureau of Statistics of China
Unemployment Rate in China averaged 4.56 percent from 2002 until 2021, reaching an all time high of 6.20 percent in February of 2020 and a record low of 3.90 percent in September of 2002. This page provides - China Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Unemployment Rate - values, historical data and charts - was last updated on July of 2021.
Unemployment Rate in China is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in China to stand at 5.10 in 12 months time. In the long-term, the China Unemployment Rate is projected to trend around 5.20 percent in 2022, according to our econometric models.