Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

Although the bulk of the regular economic information for January and February will be released in March, available data for this year suggests that the Chinese economy has continued to cool. The manufacturing PMI improved marginally in January although still hovered in negative territory, while export growth surpassed expectations in the same month. That said, analysts warn that January’s surge mostly reflect distortions related to the Lunar New Year (LNY) holidays. The Ministry of Commerce revealed on 10 February that growth in consumer spending moderated over the LNY festivity, signaling that household spending will be sluggish in Q1. In an attempt to revive consumers’ mood, on 29 January, the government announced subsidies on purchases of cars and appliances. Meanwhile, trade talks between China and the U.S. intensified in recent weeks as the 2 March deadline looms.

China - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.1  4.1  4.1  4.0  3.9  

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China Unemployment Chart

China Unemployment
Note: Unemployment in % of active population.
Source: National Bureau of Statistics of China.

China Facts

Bond Yield3.17-0.40 %Mar 11
Exchange Rate6.73-0.19 %Mar 11
Stock Market3,027-0.34 %Mar 11

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