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In 2017, China's survey-based jobless rate went down to 3.9%, which is the lowest result since 2002. Apparently, it has appeared to be the Asian country’s first economic rebound for seven years. That’s what the Ministry of Human Resources and Social Security told on Friday.
In 2017, China managed to generate a record-maximum of up to 13.51 million new jobs – an ascend of 370,000 versus 2016, according to an official transcript of the ministry’s press briefing published on the web.
This year employment prospects are expected to be more complicated because of still dominating economic uncertainties both abroad and at home. However, market experts hope that the country’s labor market would still be steady in general.
In 2017 up to 380,000 employees were relocated from heavy industries, including coal and steel under a government-led initiative to diminish excess capacity, as the ministry informed.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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