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China's Unemployment Rate Falls Below 4 percent

Apr 25 , 2017

China's registered urban unemployment rate fell below 4 percent for the first time in years, in a hopeful sign slower economic growth is not creating the massive unemployment Beijing fears will sow social instability.

The social security ministry said on Tuesday that 3.34 million new jobs were created in the first quarter.

The registered urban unemployment rate was 3.97 percent at the end of the first quarter, Ministry of Human Resources and Social Security spokesman Lu Aihong told a news conference. 

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