China's surveyed urban unemployment rate averaged 5.3% in January- February 2024. In February, the urban surveyed unemployment rate was 5.3%, up from 5.2% in January and 5.1% in December 2023. It was the highest reading since last July, with the unemployment rate of the local registered labor force at 5.5% while that of the migrant labor force was at 4.8%. The jobless rate in 31 large cities and towns was at 5.1%. The average weekly working hours of employees in enterprises were 48.0 hours. For 2024, the government has targeted a jobless rate of around 5.5%, possibly creating about 12 million new urban jobs. China has set a GDP growth target of around 5% for 2024. Last year, the unemployment rate dropped to 5.2% from 5.6% in 2022, less than the official target of around 5.5%. source: National Bureau of Statistics of China

Unemployment Rate in China increased to 5.30 percent in February from 5.10 percent in January of 2024. Unemployment Rate in China averaged 4.74 percent from 2002 until 2024, 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Unemployment Rate in China increased to 5.30 percent in February from 5.10 percent in January of 2024. 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. In the long-term, the China Unemployment Rate is projected to trend around 5.30 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-17 02:00 AM
Unemployment Rate
Dec 5.1% 5% 5%
2024-03-18 02:00 AM
Unemployment Rate
Feb 5.3% 5.2% 5.1%
2024-04-16 02:00 AM
Unemployment Rate
March 5.3% 5.20%

Components Last Unit Reference
Youth Unemployment Rate 14.90 percent Dec 2023

Related Last Unit Reference
Average Weekly Hours 48.00 Hours Feb 2024
Population 1409.67 Million Dec 2023
Unemployment Rate 5.30 percent Feb 2024
Wages 114029.00 CNY/Year Dec 2022
Wages in Manufacturing 97528.00 CNY/Year Dec 2022

China Unemployment Rate
In China, Urban Surveyed Unemployment Rate is calculated by a sample survey, which refers to the ratio of urban unemployed population to the sum of the employed population and the unemployed population.
Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.20 6.20 3.90 2002 - 2024 percent Monthly

News Stream
China Jobless Rate Rises to 5.3%
China's surveyed urban unemployment rate averaged 5.3% in January- February 2024. In February, the urban surveyed unemployment rate was 5.3%, up from 5.2% in January and 5.1% in December 2023. It was the highest reading since last July, with the unemployment rate of the local registered labor force at 5.5% while that of the migrant labor force was at 4.8%. The jobless rate in 31 large cities and towns was at 5.1%. The average weekly working hours of employees in enterprises were 48.0 hours. For 2024, the government has targeted a jobless rate of around 5.5%, possibly creating about 12 million new urban jobs. China has set a GDP growth target of around 5% for 2024. Last year, the unemployment rate dropped to 5.2% from 5.6% in 2022, less than the official target of around 5.5%.
2024-03-18
China Jobless Rate Falls to 5.2% in 2023
China's surveyed urban unemployment rate inched up to 5.1% in December 2023 from 5.0% in the previous three months, which was the lowest jobless rate since November 2021. The surveyed unemployment rate of the population with local household registration was 5.2%, and that of the population with non-local household registration was 4.7%, of which the rate of the population with non-local agricultural household registration decreased to 4.3% from 4.4%. The unemployment rate for the population aged 16-24 fell to 14.9%, using a new method, compared to a record peak of 21.3% in June, after the release of the data had been suspended since July. The jobless rate in 31 large cities and towns was unchanged at 5.0%. The average weekly working hours of employees in enterprises across the country edged up to 49.0 hours from 48.9 hours. For the 2023 full year, the unemployment rate dropped to 5.2% from 5.6% in 2022, better than the government's target of around 5.5%.
2024-01-17
China Jobless Rate Stays at 21-Month Low
China's surveyed urban unemployment rate stood at 5% in November 2023, unchanged from the previous two months. Still, the latest reading was the lowest jobless rate since November 2021. Looking ahead to 2023, the government has set a target for the jobless rate to be around 5.5%, intending to create approximately 12 million new urban jobs. The surveyed unemployment rate of the population with local household registration was 5.1%, and that of the population with non-local household registration was 4.7%, of which the rate of the population with non-local agricultural household registration declined to 4.4% from 4.6%. The jobless rate in 31 large cities and towns was unchanged at 5.0%. The average weekly working hours of employees in enterprises across the country edged up to 48.9 hours from 48.7 hours.
2023-12-15