Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Jack Ma Sells $8.2 Billion of Alibaba Shares — Good News for Philanthropy or Bad News for Tech Companies?
Didi to March Into 20 New Australian Cities Next Month
Underwater Robotics Maker Sublue Speeds Toward STAR Board Listing with New Funding
Suning.com Predicts Over $20 Million in Losses in First Half of 2020, Says Carrefour China Remains Profitable
Online Travel Leader Trip.com to Issue $500 Million in Convertible Bonds
Trending in China: Was the Driver Who Deliberately Crashed His Bus Killing 21 Evil or a Victim? Netizens Discuss
Foxconn Plans to Invest $1 Billion to Expand iPhone Production at Indian Factory: Reuters
Money-Losing Electric Carmaker Li Auto Files for U.S. IPO
Platform Serving China’s Takeout Delivery Workers Jumps 28% in Nasdaq Debut
SenseTime Builds AI Computing Platform in Shanghai Amid ‘New Infrastructure’ Push
WeRide to Test Fully Autonomous Vehicles in Guangzhou
Trending in China: Why Are Chinese Netizens Saying Kanye West Could be ‘China’s First’ U.S. President?
Trending in China: Will Weibo’s Fight Against Porn Have Other Unintended Side Effects
Tencent Leads $40 Million Investment in Online Art Educator
Alibaba Aims to Facilitate $1.4 Trillion in Sales Annually By 2024
Trending in China: Death of Giant Panda Cubs Sparks Concerns About Treatment of ‘National Treasure’
China CFO of Indian Oyo Quits to ‘Pursue Other Professional Opportunities’
Sequoia Capital Opens Its First Tech Incubation Center in Shanghai
Some 266 Foreign-Invested Firms Approved to Offer Telecom Services in China in First Half of 2020
Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
China's Unemployment Rate Rises in February

By Isabelle Li and Lin Jinbing / Mar 14, 2019 06:05 PM / Business & Tech

Photo: VCG

Photo: VCG

Despite a gloomy employment outlook since late last year, China’s National Bureau of Statistics (NBS) said Thursday the overall labor situation has “stabilized."

The surveyed urban unemployment rate in February was 5.3%, lower than the target set for this year of "around 5.5%", but higher than December's 4.9%. This was also the highest rate since February 2017, according to NBS figures compiled by data provider CEIC. The NBS only started regularly releasing the surveyed urban unemployment rate in early 2018.

In China’s 31 major cities, the number was 5.0% last month, 0.3 percentage points higher than in December.

Among the 25-59 age cohort, which makes up the majority of labor force, the jobless rate was 4.9%. Last December, the number was 4.4%.

Concerns have been growing since late 2018 regarding overall employment in the country, as China’s economy slows. The securities industry saw its first annual headcount reduction last year since 2014, and significant job cuts have been happening across the tech industry. 

Related: Job Hoppers Think Twice as Economy Slows

Share this article
Open WeChat and scan the QR code