Free-Market Capitalism

China's Urban Unemployment Rate Remains Stable, Government Aims for Further Job Creation in 2025

China's Urban Unemployment Rate Remains Stable in January and February

China's average nationwide urban unemployment rate remained largely unchanged from the same period last year, standing at 5.3 percent in January and February, according to data released by the National Bureau of Statistics (NBS).

In February, the urban surveyed unemployment rate was 5.4 percent, a slight increase of 0.2 percentage points from the previous month. Officials attributed this fluctuation to normal seasonal trends, as migrant workers return home for the Spring Festival and then gradually return to work afterwards. This typically leads to a temporary increase in the urban unemployment rate, which then declines as post-holiday work resumption progresses.

The 2025 government work report has set a target of keeping the urban unemployment rate around 5.5 percent and creating over 12 million new jobs. Achieving these goals will require significant efforts, according to NBS spokesperson Fu Linghui.

He highlighted the challenges of accommodating the 12.22 million college graduates entering the job market this year, ensuring stable employment for rural migrant workers, and maintaining the employment scale of people lifted out of poverty above 30 million.

Fu emphasized that China's focus on expanding domestic demand and promoting high-quality development will provide a solid foundation for job creation. The upgrading of traditional industries, growth of emerging sectors, and new business models, coupled with the effectiveness of employment-first policies and improving job market conditions, will help maintain overall employment stability.

Read-to-Earn opportunity
Time to Read
You earned: None
Date

Post Profit

Post Profit
Earned for Pluses
...
Comment Rewards
...
Likes Own
...
Likes Commenter
...
Likes Author
...
Dislikes Author
...
Profit Subtotal, Twei ...

Post Loss

Post Loss
Spent for Minuses
...
Comment Tributes
...
Dislikes Own
...
Dislikes Commenter
...
Post Publish Tribute
...
PnL Reports
...
Loss Subtotal, Twei ...
Total Twei Earned: ...
Price for report instance: 1 Twei

Comment-to-Earn

6 Comments

Avatar of Answer

Answer

It's important to remember that creating jobs is not the only solution to unemployment. The government is also working to improve job training and placement services.

Avatar of The Truth

The Truth

Creating over 12 million new jobs is a massive undertaking and it's good to see that the government is committed to reaching this goal.

Avatar of Answer

Answer

It's understandable that there's a slight increase in February due to the Spring Festival. It's good to see that the rate is expected to decline again as people return to work.

Avatar of The Truth

The Truth

The government is facing a lot of challenges with so many college graduates and rural migrant workers seeking employment, but it's commendable that they are focused on these issues.

Avatar of Muchacho

Muchacho

Upgrading traditional industries and promoting emerging sectors can lead to the creation of many new jobs.

Avatar of Bella Ciao

Bella Ciao

Improving job market conditions will make it easier for people to find good jobs and advance their careers.

Available from LVL 13

Add your comment

Your comment avatar