China's unemployment rate edges down below 4%

China's unemployment rate edges down below 4%

China's registered urban unemployment rate went down below 4% for the first time in years. Undoubtedly, it’s a hopeful sign that slower economic surge isn’t generating the massive unemployment, which could potentially provoke social instability.

On Tuesday, the social security ministry told that 3.34 million new jobs were generated during the first quarter.

The registered urban unemployment rate hit 3.97% at the end of the first quarter, as Ministry of Human Resources and Social Security official Lu Aihong revealed at a news conference.

China has kept employment mostly stable even as economic surge has decreased to a 26-year minimum and the authorities shut down outdated industrial capacity, although many experts say the official figure appears to be an unreliable indicator of nationwide employment conditions.

On an annual basis, in 2001 the official unemployment rate dipped below 4%, when it was 3.6%, as the National Bureau of Statistics disclosed. The rate actually concluded 2016 at 4.02% after not budging from 4.1% during 2010-2015.


Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera