Officially, China’s unemployment situation improved in December with the unemployment rate dropping to 4.9 per cent compared to 5 per cent a year earlier. Photo: Xinhua

China’s complicated employment picture amid an economic slowdown and US trade war

  • Officially, China’s unemployment situation improved in December with the unemployment rate dropping to 4.9 per cent compared to 5 per cent a year earlier
  • But the employment situation tracked by the official purchasing manager’ index has actually worsened since last year, indicating a lower demand for new hires
Topic |   China economy

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Officially, China’s unemployment situation improved in December with the unemployment rate dropping to 4.9 per cent compared to 5 per cent a year earlier. Photo: Xinhua
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.