Unemployment in China
China - Unemployment
The economy lost significant steam in early Q2 on widespread Covid-19 lockdowns: In April, retail sales and industrial production recorded their sharpest annual contractions since early 2020. The economy regained some momentum in May, as the impact of the pandemic ebbed, with retail sales, industrial production, fixed investment and export figures all beating expectations. However, overall activity remained downbeat, with the housing market particularly depressed. Towards the end of Q2, the marked fall in total Covid-19 cases and the recent easing of lockdowns in many areas—including Shanghai—will aid household spending, exports and industrial activity. On the other hand, the threat of further stop-start restrictions will continue to weigh on sentiment, with Beijing and Shanghai resuming mass testing in mid-June in response to the emergence of new Covid-19 clusters.China - Unemployment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Unemployment Rate | 4.1 | 4.0 | 3.9 | 3.8 | 3.6 |
China Unemployment Chart
Source: National Bureau of Statistics of China.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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Economic News
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China: Housing market remains depressed in May
June 16, 2022
House prices in 70 large- and medium-sized cities decreased 0.1% month-on-month in May, according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS).
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China: Industrial output bounces back in May
June 15, 2022
Industrial output rose 0.7% compared to the same month of the previous year in May, which contrasted April's 2.9% decrease.
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China: Nominal fixed investment slows year-to-date through May, but picks up in monthly terms
June 15, 2022
Nominal urban fixed asset investment grew 6.2% in year-to-date terms in May (April: +6.8% yoy).
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China: Decline in retail sales softens in May
June 15, 2022
Retail sales dropped 6.7% year on year in May (April: -11.1% yoy).
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China: Consumer inflation remains steady in May; producer inflation falls
June 12, 2022
Consumer prices dropped 0.20% over the previous month in May, contrasting April's 0.40% rise.
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