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kept employment mostly stable even as economic surge has decreased to a 26-year minimum and the authorities shut down outdated industrial capacity, although many experts say the official figure appears to be an unreliable indicator of nationwide employment conditions.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


ECB will estimate health of bank credit

Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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