Jobs target for urban residents exceeded
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.