China’s official surveyed urban unemployment rate peaked at 6.2 per cent in February but moderated to 5.9 per cent, or 27 million unemployed, in May. Photo: Xinhua
China’s official surveyed urban unemployment rate peaked at 6.2 per cent in February but moderated to 5.9 per cent, or 27 million unemployed, in May. Photo: Xinhua
Economy /  China Economy

China’s unemployment crisis shows no signs of easing as graduates face reality check due to coronavirus

  • China is set to release its June unemployment figure on Thursday, along with the headline gross domestic product (GDP) growth rate
  • China’s policymakers have already prioritised employment for this year, vowing to create 9 million new urban jobs

Frank Tang
Frank Tang in Beijing

Updated: 10:55pm, 15 Jul, 2020

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China’s official surveyed urban unemployment rate peaked at 6.2 per cent in February but moderated to 5.9 per cent, or 27 million unemployed, in May. Photo: Xinhua
China’s official surveyed urban unemployment rate peaked at 6.2 per cent in February but moderated to 5.9 per cent, or 27 million unemployed, in May. Photo: Xinhua
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