In February 2025, China’s surveyed unemployment rate reached 5.4%, the highest since February 2023. Locally registered residents faced a 5.6% unemployment rate, while non-local registrants stood at 5%. The average unemployment rate for the first two months of the year was 5.3%.

In February 2025, China’s surveyed unemployment rate increased to 5.4%, up from 5.2% the previous month, surpassing market predictions of 5.1%. This figure is the highest unemployment rate recorded since February 2023. The jobless rate stands at 5.6% for locally registered residents, while non-local registrants face a rate of 5% and non-local agricultural registrants have an unemployment rate of 5.1%. Over the first two months of the year, the average surveyed unemployment rate was 5.3%, consistent with the rate of 5.3% recorded in February 2024.

The data highlights a concerning trend in employment within China, as the unemployment rate edges upward to levels not seen in two years. The differentiation in jobless rates among various registrant groups indicates disparities in the labor market. Continuous monitoring of these rates will be crucial for understanding the broader implications on the economy.

Original Source: www.tradingview.com

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