403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
China's August Jobless Rate Ticks Up to 5.3 Percent as Trade Surges
(MENAFN) China's unemployment rate rose to 5.3% in August, climbing 0.1 percentage points from the previous month, even as the broader economy held steady on production output and pricing, according to newly released data.
The jobless rate across the country's 31 major cities mirrored the national trend, also rising 0.1 percentage points month-on-month to reach 5.3% in August. Nationwide, employees at enterprises logged an average workweek of 48.2 hours during the period.
On the industrial side, value-added output among enterprises above a designated size expanded 5.2% year-on-year in August. The high-tech manufacturing sector stood out as a particular bright spot, posting a robust 16.7% annual increase in value-added output over the same period.
China's trade performance showed even sharper momentum, with total goods imports and exports surging 19.8% year-on-year in August — a pace that underscores continued external demand despite the uptick in domestic joblessness.
On inflation, the consumer price index edged up 0.8% year-on-year in August, while the producer price index rose more sharply, climbing 3.8% over the same period.
The jobless rate across the country's 31 major cities mirrored the national trend, also rising 0.1 percentage points month-on-month to reach 5.3% in August. Nationwide, employees at enterprises logged an average workweek of 48.2 hours during the period.
On the industrial side, value-added output among enterprises above a designated size expanded 5.2% year-on-year in August. The high-tech manufacturing sector stood out as a particular bright spot, posting a robust 16.7% annual increase in value-added output over the same period.
China's trade performance showed even sharper momentum, with total goods imports and exports surging 19.8% year-on-year in August — a pace that underscores continued external demand despite the uptick in domestic joblessness.
On inflation, the consumer price index edged up 0.8% year-on-year in August, while the producer price index rose more sharply, climbing 3.8% over the same period.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment