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China's labor market was highly regulated and dominated by state-owned enterprises, with an average unemployment rate of 3.7 per cent between 1988 and 1995, but this rose sharply after numerous lay-offs between 1995 and 2002, reaching an average unemployment rate of 9.5 per cent between 2002 and 2009. [2] These changes had the greatest impact ...
That unemployment rate had previously climbed to records above 20%. China also reported fourth-quarter GDP figures, which were slightly below expectations, bringing 2023 growth to 5.2%.
BEIJING — China’s youth unemployment rate soared above 17% in July to the highest ... to 24 reached a record high of 21.3% in June 2023. The urban unemployment rate across all age categories ...
This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by ...
(China’s general urban unemployment figure—which the bureau did release on Tuesday—was 5.3% in July, up 0.1 percentage points from the month prior). Youth unemployment is now a major crisis ...
According to preliminary data released by the authorities, China's GDP in 2023 was CN￥126.06 trillion (US$ 17.89 trillion [ 31 ]) with a real increase of 5.2% than the last year. [ 32 ][ 33 ] China is the world's largest manufacturing economy and exporter of goods. [ 34 ]
The urban unemployment rate for people ages 16 to 24 has ratcheted up steadily from month to month this year, hitting a record 21.3% in June — four times the overall jobless figure.
Misery index (economics) The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of ...