Jobs tar­get for ur­ban res­i­dents ex­ceeded

China Daily (Canada) - - NEWS CAPSULE -

China cre­ated 13.14 mil­lion new jobs for ur­ban res­i­dents last year, ex­ceed­ing the of­fi­cial tar­get, but the coun­try faces chal­lenges this year to cre­ate jobs for a his­toric high of al­most 8 mil­lion uni­ver­sity grad­u­ates.

The reg­is­tered un­em­ploy­ment rate in Chi­nese cities stood at 4.02 per­cent at the end of last year, down from 4.04 per­cent three months ear­lier, Lu Ai­hong, an of­fi­cial with the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity, told a news con­fer­ence.

The gov­ern­ment pledged to keep the whole-year reg­is­tered un­em­ploy­ment rate be­low 4.5 per­cent and to cre­ate at least 10 mil­lion jobs last year.

This year, there will be 7.95 mil­lion uni­ver­sity grad­u­ates — 300,000 more than last year.

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