Ur­ban un­em­ploy­ment rate is 4.04%

China Daily (Canada) - - NEWS CAPSULE -

China’s reg­is­tered un­em­ploy­ment rate in ur­ban ar­eas stood at 4.04 per­cent at the end of March, down from 4.05 per­cent at the end of 2015, the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity said.

An ad­di­tional 3.18 mil­lion ur­ban jobs were cre­ated in the first three months of 2016, said min­istry spokesper­son Li Zhong.

Cre­at­ing more jobs is one of the pri­or­i­ties for the Chi­nese gov­ern­ment in keep­ing em­ploy­ment sta­ble as mil­lions of work­ers face re­dun­dancy in en­ter­prise merg­ers and the re­or­ga­ni­za­tion of in­dus­tries op­er­at­ing over ca­pac­ity.

China aims to pro­vide more than 10 mil­lion new ur­ban jobs in 2016 and keep the reg­is­tered ur­ban un­em­ploy­ment rate be­low 4.5 per­cent, ac­cord­ing to the gov­ern­ment work re­port to the an­nual par­lia­men­tary ses­sion in March.

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