Aim to keep jobless rate below 5%
Print Edition
CHINA will aim to keep its urban registered jobless rate below 5 percent between 2016 and 2020, under a plan released yesterday by the Ministry of Human Resources and Social Security.
It said the country will aim to create job opportunities for more than 50 million people in cities during the period.
China’s urban registered jobless rate was 4.05 percent at the end of June.
The ministry acknowledged that China would be under pressure to ensure employment as its policies to cut industrial overcapacity lead to job losses.
The plan promised more employment services and support, especially for college graduates and workers that have been made redundant.
In the next four and half years, about 15 million young people will look for jobs in cities annually, the ministry said.
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