China says to publish jobless rates in big cities
Published on Jul 30, 2014 7:56 PM
BEIJING (Reuters) - China plans to release figures for unemployment in its big cities in a timely manner, the cabinet said on Wednesday, a change that may plug a glaring hole in its economic data.
The State Council said China's statistics agency would publish unemployment data gathered through surveys to better reflect trends in the labour market, and give authorities a good idea about what is going on as they set economic policies.
No further details were provided.
The government at present does not publish any reliable unemployment measure even though ensuring a healthy labour market is a top priority for policymakers, who fear widespread job losses would rouse social discontent.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here