China’s surveyed unemployment rate increased to 5.2% in July 2024 from 5% in each of the previous three months and slightly above market forecasts of 5.1%. The jobless rate among residents registered locally was 5.2%, while those with non-local registration rose to 5.1%, of which the non-local agricultural registrants had a rate of 4.9%. In 31 major cities, the urban unemployment rate was 5.3%. On average, employees in enterprises worked 48.7 hours per week. In July 2023, the surveyed unemployment rate was 5.3%. Considering January to July, the urban surveyed jobless rate averaged 5.1%, down 0.2 percentage points compared to the same period last year. source: National Bureau of Statistics of China
Unemployment Rate in China increased to 5.20 percent in July from 5 percent in June of 2024. Unemployment Rate in China averaged 4.75 percent from 2002 until 2024, 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 2024.
Unemployment Rate in China increased to 5.20 percent in July from 5 percent in June of 2024. Unemployment Rate in China is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Unemployment Rate is projected to trend around 5.30 percent in 2025 and 5.20 percent in 2026, according to our econometric models.