Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 16 (Xinhua) — China’s urban unemployment rate stood at 5 percent in May, down 0.1 percentage point from the previous month, data from the National Bureau of Statistics showed Monday.
According to the National Statistical Office, the average unemployment rate in Chinese cities and towns in the first five months of this year was 5.2 percent.
“The unemployment rate among major working groups remained stable, and the youth unemployment rate fell for the third month in a row, reflecting the continued stability of the overall labor market,” NBS spokesperson Fu Linghui said at a press conference.
Fu Linghui noted that despite the growing uncertainty in the global environment, which has put pressure on the demand for labor from enterprises, the country’s employment situation remains generally stable. He attributed the stability in China’s labor market to a combination of factors including the steady growth of the national economy, the improvement of industrial development dynamics, and policy support for employment stabilization.
More proactive macro policies have expanded domestic demand and eased external pressures, Fu Linghui said, highlighting the positive role that the trade-in program and holiday spending played in supporting employment.
Looking to the future, Fu Linghui stressed the need to strengthen vocational training and optimize the coordination of labor supply and demand to promote full employment, thereby improving people’s well-being, promoting stable and healthy economic development, and ensuring the maintenance of social stability. -0-