Urban jobless stable at 5.1 percent: NBS
China’s urban unemployment rate stayed at 5.1 percent throughout January and February, according to a new research by the National Bureau of Statistics. The rate, based on a survey in 31 major cities, was unchanged from January and 0.05 percentage point below the same period of last year, NBS chief Ning Jizhe said in a bylined article posted on the bureau’s website on Tuesday. Although unemployment rose in some regions and sectors, the government’s encouraging policies and emerging businesses helped stabilize the job market, Ning wrote. has eliminated outdated capacity and offers room for more quality programs,” said Fang Jianbo, deputy head of the commerce bureau of Dongguan, a city in Guangdong province dubbed the “world’s factory” and a barometer for the country’s economic changes. Some 362 foreign enterprises were shut down or relocated in 2015, accounting for 3.3 percent of the total number of foreign firms in the city. Most of the firms were labor-intensive manufacturers, said Fang.