Related News
Surveyed unemployment rate in 31 major Chinese cities at about 5%: Premier
Online Edition
A survey of 31 big- and medium-sized Chinese cities found the unemployment rate remained at around 5 percent in the first eight months of the year, despite an economic slowdown, Premier Li Keqiang said Wednesday.
It was the first time China formally disclosed a surveyed urban unemployment rate.
"More than 9.7 million urban jobs were created (up to the end of August), which is over one hundred thousand more compared with the same period last year," Li said in a keynote speech at the opening of the Summer Davos forum.
China introduced the registered urban unemployment rate in the 1980s as an important indicator for macro-economic adjustment. But critics have questioned its accuracy saying it understates the true unemployment rate.
The survey rate counts only permanent urban residents who register for unemployment benefits with local governments. It is not based on representative sample surveys. Moreover, it also excludes temporary residents in cities.
In the first half of this year, the registered urban unemployment rate stood low at 4.08 percent, according to the Ministry of Human Resources and Social Security.
The surveyed unemployment rate disclosure came more than a month after the cabinet decided the statistics authority should employ more extensive sample survey to better compile the jobless rate in cities, to better reflect true unemployment. It would allow policymakers to better understand the job market, the cabinet said.
Li told the forum, held in North China's port city of Tianjin, that new steps of reform taken by the Chinese government have helped to create more jobs.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
