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Asia

 

China says to publish jobless rates in big cities

Published on Jul 30, 2014 7:56 PM
 
Job seekers wait next to recruitment advertisements at a labour market in Guangzhou, Guangdong province, on Feb 24, 2014. 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. -- PHOTO: REUTERS

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.

 
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