China's surveyed urban unemployment inched down to 5.4% in July 2022 from 5.5% in June. It was the lowest jobless rate since January, amid continued efforts by the government to revive the momentum of economic recovery by further loosening of COVID-restrictions. For this year, the government has targeted the jobless rate to stay around 5.5%. In July, the unemployment rate of the population aged 25-59 edged decreased to 4.3% from 4.5% in June, while those aged 16-24 increased to 19.9% from 19.3% in the previous month. Meantime, the surveyed unemployment rate in 31 large cities and towns declined to 5.6% from 5.8%. The average weekly working hours of employees in enterprises across the country climbed to 48.0 hours from 47.7 hours in June. Considering the first seven months of the year, 7.83 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.
National Bureau of Statistics of China
Unemployment Rate in China averaged 4.65 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 September of 2022.
Unemployment Rate in China is expected to be 5.50 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 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.