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China says unemployment at 3.95 percent, lowest in years

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China says unemployment at 3.95 percent, lowest in years

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BEIJING (Reuters) – China’s unemployment rate has hit its lowest rate in multiple years at 3.95 percent by the end of September, the ministry of human resources and social security said in a statement on Sunday. From January to September this year, 10.97 million new jobs have been created in China, a growth of 300,000 compared with the previous year, the ministry said in a pre-prepared statement given to reporters. The figure represents having essentially fulfilled the ministry’s year-end target, the statement said.

(Reporting by Yawen Chen; Writing by Christian Shepherd; Editing by Jacqueline Wong)
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