The Chinese communist regime has published the latest urban unemployment data, showing the jobless rate rose to 5.3 percent in February, reaching a six-month-high and exceeding the market forecast of 5.1 percent, but analysts said the actual rate is much higher.
The February figure was up 0.1 percentage point from the previous month, data released on March 16 by China’s National Bureau of Statistics showed.
According to the data, the surveyed unemployment rate for the local urban workforce was 5.4 percent; for the migrant workforce, it was 5.0 percent—specifically, the rate for migrant workers with rural household registration was 5.2 percent. The surveyed urban unemployment rate in 31 major cities was 5.1 percent….
China’s Unemployment Rate Reaches 6-Month High but Overlooks Many: Analysts
