Get a free account in less than 60 seconds. ?
China: Unemployment rate from 2004 to 2014*
Sign Up for Free Basic Account
Sign Up for Free Basic Account
The statistic shows the unemployment rate for China from 2003 to 2013, with a forecast for 2014. In 2012, China's unemployment rate ranged at about 4 percent.
Unemployment rate in China – additional information
From the statistic at hand one can see that the unemployment rate in China has been fairly constant at just above four percent over the last decade. This may be partly explained by the fact that due to its socialist heritage, full employment policy historically has played a major role in economic considerations of the Chinese government. Another possible explanation may be found in the index’s methodology, which, according to the National Bureau of Statistics, gathers only employment data for urban regions. The debate as to whether to adjust the methodology accordingly in order to create a more accurate statistical image is still ongoing among Chinese politicians and statisticians.
A main concern in China’s current state of employment lies within the still large regional differences. As of 2012, the unemployment rate in more central and western regions of China was notably higher than in China’s eastern parts. In Beijing, China’s political and cultural center, unemployment ranged at merely 1.3 percent for 2012.
Youth unemployment is also apparent in China, but with its own characteristics. Young people with higher education are more likely to have difficulty finding a job, according to the China Household Finance Survey. One reason for this might lie in the enrollment expansion since 1999. The number of newly enrolled students in public universities skyrocketed from around 2.7 million in 2001 to roughly seven million in 2012.
Apart from the unemployment rate, most commonly used indicators to measure economic activities of a country are GDP growth and inflation rate. According to an IMF forecast, GDP growth in China will slow down to about 6.5 percent in 2019, depicting a four-percent decrease from 10.45 percent in 2010. This estimate is backed up by quarterly growth data published by the NBS, which recently reported an 18-month low in GDP growth for the first quarter of 2014.
- Unemployment rate in selected world regions 2013Unemployment rate in selected world regions 2013
- Monthly unemployment rate in Japan July 2014Monthly unemployment rate in Japan July 2014
- Quarterly unemployment rate in France 2nd quarter 2013Quarterly unemployment rate in France 2nd quarter 2013
- Monthly unemployment rate in Brazil August 2013Monthly unemployment rate in Brazil August 2013
- U.S. unemployment rate: August 2014, seasonally adjustedU.S. unemployment rate: August 2014, seasonally adjusted
- Baidu: user distribution as of September 2014, by countryBaidu: user distribution as of September 2014, by country
- Vehicle sales in China 2008-2014Vehicle sales in China 2008-2014
- Monthly inflation rate in China by sector as of August 2014Monthly inflation rate in China by sector as of August 2014
- Monthly inflation rate in Euro area countries June 2014Monthly inflation rate in Euro area countries June 2014
- Monthly inflation rate in EU countries June 2014Monthly inflation rate in EU countries June 2014
- GDP growth in the EU and the Euro area compared to same quarter previous year Q1 2014GDP growth in the EU and the Euro area compared to same quarter previous year Q1 2014