The Strategist

China adds 12.07 million jobs in the first 11 months of 2021

12/15/2021 - 08:39

About 12.07 million new jobs were created in China in the first 11 months of 2021, beating the annual target, figures released by China's state statistics bureau showed on Wednesday.

Lu Wen via flickr
Lu Wen via flickr
"From January to November 2021, 12.07 million new jobs were created in China's cities and towns, exceeding the annual plan. Separately, the registered urban unemployment rate in November was 5 percent, up 0.1 percentage points from October, while decreasing 0.2 percentage points from the same period last year," the department said in its report.

It is specified that the unemployment rate among 16-24 and 25-59 year olds is 14.3% and 4.3% respectively.

According to the statistics, employees of various enterprises across the country worked an average of 47.8 hours per week in November.

China's registered unemployment rate for 2020 was 5.6%, almost matching the authorities' expectations of 5.5%, with 11.86 million new jobs created. According to the official forecast, China's urban unemployment rate in 2021 will be around 5.5% and more than 11 million jobs were planned to be created.