2023-09-15 01:27:38 ET
- China's surveyed urban unemployment rate inched down to 5.2% in August 2023 from 5.3% in July, returned to June's 16-month low.
- The surveyed unemployment rate of the population with local household registration was 5.3% and that of the population with non-local household registration was 4.8% of which, the rate of the population with non-local agricultural household registration stood at 4.4%.
- The jobless rate in 31 large cities and towns edged down to 5.3% in August from 5.4% in July. The average weekly working hours of employees in enterprises across the country were unchanged at 48.7 hours.
- Looking ahead to 2023, the government has set a target for the jobless rate to be around 5.5%, with the objective of creating approximately 12 million new urban jobs.
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More on China economy:
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China’s manufacturing activity contracts for a fifth straight month to 49.7 in August
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China consumer inflation turns positive in August; PPI drops the least in 5 months
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China's CPI falls for first time in over two years; PPI drops more than expected
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China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
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China service sector growth of 54.1 in July beats forecasts; composite PMI drops to 6-month low
For further details see:
China jobless rate edges down to 5.2% in August