Running Head: UNEMPLOYMENT PROJECTIONS 1

Unemployment Rate in China

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Institution Affiliation
UNEMPLOYMENT PROJECTIONS 2

Unemployment rates in China have averaged 4.12 percent from 2002 to 2017. The

unemployment rate in China is responsible for measuring the number of people actively looking

for jobs as a percentage of the total labor force. Amid a continued economic slowdown, the rate

of unemployment in China has recently increased fuelled by imminent reports of layoffs by the

state enterprises and private sector firms in the economy as well as the decreasing demand.

The Chinese government is determined to create at least ten million jobs this year so that

it can hold the rates of unemployment rate below 4.5 percent. The economy is feeling the

downward pressure which in turn replicates to a decline in job vacancies. In the next one year,

the unemployment rate is expected to be 4.2 percent. The rate is expected to rise even higher in

2019 to reach a figure of 4.5 percent (Xiaoyi & Jake, 2017). In the long-term, the prevailing

economic conditions in China are expected to significantly affect the China unemployment rate

to reach a projected rate of 5.00 percent in 2020 as research models have shown.
UNEMPLOYMENT PROJECTIONS 3

References

Xiaoyi, S. & Jake, S. (March 5, 2017) China aims to maintain growth pace, fend off

unemployment in five-year plan, Retrieved from http://www.reuters.com/article/us-china-

parliament-economy-targets/china-aims-to-maintain-growth-pace-fend-off-

unemployment-in-five-year-plan-idUSKCN0W700O