China’s urban unemploymenChina’s urban unemployment rate fell below four percent for the first time in years. Ministry of Human Resources and Social Security spokesman, Lu Aihong, said registered urban unemployment rate was 3.97 percent.
According to him, more than 3 million new jobs were created at the end of the first quarter.
China has kept employment generally stable even as government shuts down factories with outdated technologies.
According to data from the National Bureau of Statistics, unemployment peaked at 4.02 percent at the end of 2016.
