Unemployment in China

China Unemployment | Economic News & Forecasts

China - Unemployment

The recovery trend remained intact in July following the solid rebound in Q2, benefiting from a reopening of the global economy and robust demand for health products. Exports of goods accelerated markedly in July and growth in industrial production stabilized despite flooding along the Yangtze river. The domestic economy is gathering steam, even with persistent weakness in household spending. Retail sales declined for the seventh month in a row in July, mostly reflecting social distancing measures. However, the drop in nominal fixed investment narrowed in January-July due to robust property investment and strength in some service sectors. In the political arena, planned talks between China and the U.S. to evaluate the progress of the Phase One trade deal were postponed. Both sides cited scheduling conflicts and the aim to give China more time to meet its commitments under the deal.

China - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate4.1  4.0  3.9  3.8  3.6  

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China Unemployment Chart

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

China Facts

Value Change Date
Bond Yield3.17-0.40 %Dec 31
Exchange Rate6.96-0.19 %Jan 01

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