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China’s Unemployment Rate Remains Steady at 5.1% this Year

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The unemployment rate across 31 cities in Mainland China stayed steady at 5.1% in the first half of this year.

According to figures from the National Bureau of Statistics’ population and employment statistics department released yesterday, the rate rose slightly to 5.19% from January to March because of Chinese New Year.

However, it dropped promptly to 5.06% in April, keeping the overall fluctuation at less than 0.2%.

Feng Nailin, head of the department, attributed the stability of the job market to the growing economy.

The nation’s economy posted a better-than-expected growth of 7% in the second quarter of 2015, more than seven million new jobs were created in urban areas in the first six months, with a target of 10 million for the year.

SOURCE: humanresourcesonline.net

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