Apr 24, 2018 12:03 PM

Editorial: China Must Nip Structural Unemployment in Bud

On April 17, China announced for the first time its long-awaited surveyed urban unemployment rate. The registered unemployment rate, which has been used by China for many years, has increasingly failed to reflect the reality of unemployment in the country. The surveyed urban unemployment rate covers the entire population of urban residents, and uses household sampling surveys to obtain data and reflect in a comprehensive, accurate, and timely manner the country’s macroeconomic direction and the labor market’s resource allocation situation. The new rate is also expected to produce more reliable data to support macroeconomic management and decision-making. The publication of this data also provides a new opportunity for policymakers and the public to seriously consider the employment problems facing China.

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