China's surveyed urban unemployment rose to 6.1 percent in April 2022 from 5.8 percent in the previous month. This was the highest reading since February 2020 and breached the government's target for the jobless rate of 5.5% this year, amid prolonged COVID-19 restrictions following widespread outbreaks in some key cities. The unemployment rate of the population aged 16-24 rose to 18.2 percent in April from 16 percent in the previous month, while those aged 25-59 inched up to 5.3% from 5.2% in March. Meantime, the surveyed unemployment rate in 31 large cities and towns increased to 6.7 percent from 6 percent. The average weekly working hours of employees in enterprises across the country declined to 46.2 hours from 47.3 hours in March. Considering the first four months of the year, 4.06 million new jobs were created across China. Beijing has set a target of creating over 11 million new urban jobs for 2022 after adding 12.69 million a year earlier. source: National Bureau of Statistics of China
Unemployment Rate in China averaged 4.63 percent from 2002 until 2022, 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 May of 2022.
Unemployment Rate in China is expected to be 4.80 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 5.20 percent in 2023, according to our econometric models.