China's surveyed urban unemployment declined to 5.9 percent in May 2022 from April's 26-month high of 6.1 percent, amid efforts by the government to revive the momentum of economic recovery by easing of COVID-curbs in several key cities. For this year, the government has targeted the jobless rate to stay around 5.5%. In May, the unemployment rate of the population aged 25-59 edged down up to 5.1% from 5.3% in April, while those aged 16-24 inched up to 18.4 percent from 18.2 percent in the previous month. Meantime, the surveyed unemployment rate in 31 large cities and towns increased to 6.9 percent from 6.7 percent. The average weekly working hours of employees in enterprises across the country climbed to 47.2 hours from 46.2 hours in April. Considering the first five months of the year, 5.29 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 4.64 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 July of 2022.
Unemployment Rate in China is expected to be 5.80 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.