Employment situation in China generally stable in Jan-Feb 2024

Source:China Sport ShowRelease time:26-Mar-2024Clicks:

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China’s average urban unemployment rate stood at 5.3 per cent in the first two months this year, according to the National Bureau of Statistics (NBS). The figures were 5.2 per cent and 5.3 per cent for January and February respectively.

The country’s employment situation was generally stable during the two-month period.

The surveyed urban unemployment rate decreased by 0.3 percentage points respectively in January and February compared with the same period in 2023, NBS spokesperson Liu Aihua said.

The employment situation in big cities and the stability of the job market for rural migrant workers has improved, she emphasised.

The rate for 31 major Chinese cities stood at 5.1 per cent in February, down by 0.6 percentage points year on year (YoY). The figure for rural migrant workers was 4.8 per cent, dropping by 1.2 percentage points YoY.

China aims to create over 12 million jobs in urban areas this year and keep the surveyed urban unemployment rate at about 5.5 per cent.

Liu said favourable factors for stable employment are building up for the next stage, highlighting the rise in job opportunities in emerging industries and the strengthening of policy support for employment promotion.

Structural problems still exist in the job market, and efforts from all quarters are needed to maintain employment stability, she added.