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Guangzhou Announces First Unemployment Rate: 5.22%
Update: 2014-12-03     Source: english.gz.gov.cn

On the afternoon of December 1, the Guangzhou Municipal Labor Employment Service Management Center and South China Normal University's Human Resources Research Institute held a joint press conference, announcing Guangzhou's first "surveyed unemployment rate". In September, the unemployment rate among Guangzhou's registered residents stood at 5.22%, an increase of 0.31 percent point year-on-year.

According to experts, the surveyed unemployment rate is a more accurate indication of the general employment situation than the registered urban unemployment rate.

The prevailing gauge of unemployment in China has for many years been the registered urban unemployment rate compiled by labor and personnel agencies. This registered urban unemployment rate has consistently stood at about 4% in recent years, but it does not cover rural labor in the city, migrant workers or unregistered urban workers, and therefore is not fully indicative of the overall unemployment situation. Moreover, the rate cannot be compared with that of other countries, and is released only once a year at the end of every year, with inadequate dynamic mentoring.

(Translated by Guangzhou Association of Foreign Affairs Translators)

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