Many graduates are facing long-term
unemployment .
许多毕业生正面临长期待业状况。
Goverment has taken measures to help reduce
unemployment this year.
政府已经在今年采取措施来帮助减少失业率。
Now he is living on the
unemployment compensation.
如今他要靠失业救济金度日。
The nation maintained stable operations of the domestic job market in the first half, with the unemployment rate remaining in a reasonable range, said the Ministry of Human Resources and Social Security on Friday.
人力资源和社会保障部周五表示，上半年国内就业市场运行稳定，失业率保持在合理区间。
The surveyed unemployment rate in June fell to 5.2 percent, a decline of 0.3 percent year-on-year.
6月份的调查失业率降至5.2%，同比下降0.3%。
The unemployment rate among young people aged 16 to 24 has remained high this year amid downward economic pressure.
在经济下行的压力下，今年16至24岁年轻人的失业率居高不下。
In the second quarter of this year, worldwide smartphone shipments decreased 16 percent year-on-year to 278.4 million units, said market research company International Data Corp. "Smartphones shipments suffered a huge decline in Q2 as they directly correlate to consumer spending, which had a massive reduction due to the global economic slowdown and rising unemployment brought on by the widespread lockdowns," said Nabila Popal, research director for IDC's Worldwide Mobile Device Trackers.
"Despite the decrease in unemployment, a slow job growth and further spread of COVID-19 have cast shadows on US recovery pace.
Enterprises that do not lay off employees will have 50 percent of the unemployment insurance contributions they paid last year reimbursed to them by the government.
The platform will be able to help government officials deal with daily routines related to tasks like reducing unemployment, and emergencies including floods and fires.
Mortgage broker LendingTree identified Michigan as the state with the highest risk of a recession in the fourth quarter because of recent months of higher unemployment and weakness in wages.
Though Michigan's economy isn't as dependent on the auto sector as it was when a 1998 strike against GM lasted 57 days, it is feeling a decline in consumer purchases, drops in income and corporate tax revenues of about $400,000 a day and an increased demand on its unemployment insurance system from non-union workers who are out of work because of the strike.
The state's Unemployment Insurance Agency had processed jobless benefits for about 3,500 auto-supplier workers as of Sept 30.
"Given the low US unemployment rates and shortage of skilled trades workers, companies may be challenged to ensure laid-off employees return to their previous positions," she said Tuesday in a statement to The Detroit News.
Although a beautiful landscape with such isolation, many indigenous communities nearby have experienced high levels of unemployment and a significant amount of social disadvantage.
In fact, the debt crisis caused a high unemployment rate during the past few years, as the youth (age 15-24) unemployment rate in Greece hit an all time high of 60.3 percent in 2013.
We are seeing unemployment go down.
Credit constraints have affected many companies and added debt default risks, which could also increase unemployment in a slowing economy, analysts said.
Unemployment remained at 3.9 percent, near an 18-year low.
"As a matter of fact, more and more US state governors are looking towards China for an international solution to local economic problems and unemployment, said Scott Pattison, executive director and CEO of US National Governors Association.
He added that skills upgrade is key to tackle Kenya's youth unemployment challenge that currently stands at 22 percent.
As an agricultural county and part of the agriculture is fishing industry, "we still have one of the highest unemployment rates in the western part of the state of Kentucky, so we really think if Angie could expand that would really help employ some of the people that are unemployed right now," Cooper told Xinhua.
"Mwangi added young people should take advantage of the internet platform to build e-commerce solutions driven by the desire to provide a solution similarly to what Ma did, instead of decrying about the increasing unemployment rates in the country.
In a country suffering from high unemployment - with rates reaching up to 65 percent among youth -- the investment has opened prospects for jobs.
Some reservations were initially expressed in sections of Greek society about the investment, amid concerns that it would do little to alleviate the serious unemployment problem in Greece.
"The average unemployment rate in many European countries is still in double digits, and one-in-two young Greeks is jobless.
Meanwhile, the surveyed urban unemployment rate is aimed at below 5 percent this year, he said.
Consumer prices rose by 0.3 percent, and the surveyed urban unemployment rate was 4.5 percent last year," he said.
In August, September and October, profit growth turned positive and the urban unemployment rate continued to decline.
"Consumption has been on the rise as people are venturing out to splurge," said Cai, who initially set up the stall, so it could tide him over temporary unemployment while he sought a more desirable job.
Taking into account the current structural imbalances and the gap between urban and rural areas, an increase in fiscal expenditures can be achieved in ways different from the past, such as granting unemployment insurance for youth and reducing the burden of childcare costs to increase birthrates.
Such an issue — if seen coupled with other indicators such as wage growth, the labor participation rate and the final unemployment rate in the US — is telling a story that the US labor market may be showing signs of a downtrend.
Survey-based data show a general lengthening of working hours, and unemployment has tumbled deeper in small and medium-sized cities compared to larger urban areas.
Furthermore, the unemployment rate of people over 25 years of age is at record lows.
Structural unemployment continues to be a headache, and the growth of disposable incomes has been slowing down.
The surveyed urban unemployment rate was 5.3 percent, lower than 5.4 percent a year earlier.
The unemployment rate for those aged between 16 and 24 stood at 21.3 percent in June.
China is not the only major country that has experienced high youth unemployment in the post-pandemic period.
For example, the unemployment rate of the demographic once soared to 27 percent in April 2020 in the United States due to the pandemic, but has improved dramatically since then.
Especially on the supply side, young job seekers flooded the employment market due to the expansion of higher vocational enrollment in 2019. Business instability and interruptions caused by the pandemic over three years and the increased supply of students who studied abroad during the pandemic have kept the current youth unemployment rate at high levels even when the economy was on a normal track.
Also, the youth unemployment rate in 2019 was already relatively high, and the situation was exacerbated by the pandemic since early 2020.
"He said unemployment has remained a pressing problem for many countries in the world, including Zambia, adding that the organization has committed itself to championing job creation and economic growth in Zambia.
The job expo, she said, is an important intervention in addressing the high youth unemployment in the country, which currently stands at 17.4 percent.
However, the IMF document noted that continued weakness in the real estate sector is weighing on investment, foreign demand remains weak as the global economy slows, and rising youth unemployment indicates labor market weakness, meaning that following a reopening boost, China's recovery is losing steam.
The domestic job market remained stable in the first half of the year with the unemployment rate controlled within a reasonable range, the Ministry of Human Resources and Social Security said on Friday.
The surveyed unemployment rate in June fell to 5.2 percent, a decrease of 0.3 percentage points year-on-year.
Early on Monday, the National Bureau of Statistics released a report saying that the nation's average surveyed unemployment rate was 5.3 percent in the first half of the year, while the number was 5.7 percent in the same period of the previous year.
In June, the surveyed urban unemployment rate stood at 5.2 percent, the data showed.
The unemployment rate in urban areas was at an average of 4.8 percent in the first six months, narrowing by 0.1 percentage point in comparison with the first quarter.
China's youth unemployment rate, which had increased in recent months, is expected to go down in August thanks to a recovering economy and the wide implementation of employment policies.
According to data released by the National Bureau of Statistics on Monday, the unemployment rate among surveyed young people, age 16 to 24, rose to 21.3 percent in June, compared with 20.8 percent in May and 20.4 percent in April.
However, the unemployment rate in urban areas in June remained unchanged at 5.2 percent compared with May, data showed.
Speaking at a news conference in Beijing on Monday, NBS spokesman Fu Linghui said the youth unemployment rate sees "seasonal fluctuations".
As private investment soured, the unemployment rate in a section of surveyed population, age 16 to 24, hit 20.8 percent in May, compared with 20.4 percent in April, the NBS said.
Many financial institutions collapsed at that time, resulting in widespread unemployment and a global economic recession.
According to the National Bureau of Statistics, the unemployment rate of young people aged 16 to 24 stood at 20.8 percent in May.
Moreover, household income prospects will continue to improve as labor demand recovers and the unemployment rate falls.
The unemployment rate for the 16-24 age group hit a record high of 20.4 percent in April, which was higher than that seen during the pandemic.
Youth unemployment worsened as private investment lost momentum, with the surveyed jobless rate of the population, age 16 to 24, rising to 20.8 percent in May compared with 20.4 percent in April, according to the NBS.
Looking ahead, given the stabilizing food prices and a potential modest rebound in fuel prices, but a highly elevated youth unemployment rate and continued disinflationary pressures in some core goods, Lu Ting, chief China economist at Nomura, said his team expects CPI to inch up only marginally to 0.3 percent year-on-year in June.
The country's surveyed unemployment rate also dropped for two consecutive months in April to 5.2 percent, statistics showed.
China's surveyed urban unemployment rate stood at 5.2 percent in April, down 0.1 percentage points from the previous month, according to the NBS.
In March, the surveyed urban unemployment rate and the surveyed urban unemployment rate of 31 large cities came in at 5.3 percent and 5.5 percent, respectively, a decrease of 0.3 and 0.2 percentage point from the previous month.
The unemployment rate for young people aged 16 to 24 stood at 19.6 percent, an increase of 1.5 percentage points from the previous month.
Since March, college graduates began to enter the job market across the board, which posted a significant rise in the surveyed unemployment rate of young people between the ages of 16 to 24.
The surveyed urban unemployment rate dropped to 5.3 percent in March, down from 5.6 percent in February and also lower than 5.8 percent a year ago, and the number of new jobs created in the first three months stood at 2.97 million, up by 120,000 year on year, data from the Ministry of Human Resources and Social Security showed.
Deflation is often synonymous with economic recession, as there is insufficient overall demand, a large number of idle resources, a rising unemployment rate, a gloomy economic outlook and a continuous decline in prices.
The consumer price index has been generally stable, reporting a mild increase of 1.6 percent from a year ago, and the unemployment rate in urban areas was at 4.9 percent on average.
This year could be a window of opportunity for policymakers to address structural issues, such as weak private confidence, unemployment among young people and local government debt, it said.
"With the sharp slowdown, advanced economies are expected to see higher unemployment, a rise of 0.5 percentage point on average from 2022 to 2024," said the IMF.
In the medium term, a systematic strengthening of the social protection system can help reduce precautionary savings and boost consumption, Srinivasan said, adding there is scope for China to increase unemployment and medical insurance benefits compared with other countries at similar or higher per capita income levels.
The first is that the US managed to maintain a low unemployment rate over a certain period.
As long as the unemployment rate is low, the income side will not see a big loss, and as long as household balance sheets are healthy, the fall in spending will also be moderated.
By contrast, China's unemployment ratio is at a relatively high level, especially the case of young workers.
The urban unemployment rate will be kept at around 5.5 percent.
Special attention will be paid to bringing down youth unemployment.
The country will also aim to create around 12 million urban jobs this year and has set a target of around 5.5 percent for the surveyed urban unemployment rate.
China's unemployment rate is relatively high.
During these years, some people may have deposited more money in banks, while some may have suffered unemployment or pay cuts, which all lead to weaker spending activity.
Fiscal policy will be more effective if the government reorients fiscal resources from infrastructure toward households — for example by increasing unemployment insurance benefits — which will help ensure a durable consumption rebound.
Fiscal policy will be more effective if the government reorients fiscal resources from infrastructure toward households — for example by increasing unemployment and health insurance benefits — which will help ensure a durable consumption rebound and inclusive economic growth.
NBS data showed that China's surveyed urban unemployment rate came in at 5.5 percent in December last year -- easing 0.2 percentage points from the previous month.
Specifically, the surveyed unemployment rate among those aged between 16 and 24 dropped by 0.4 percentage points from November to 16.7 percent in December, while the rate among those aged between 25 and 59, the majority of the labor market, stood at 4.8 percent, the data revealed.
The surveyed unemployment rate in 31 major cities stood at 6.1 percent in December 2022, down 0.6 percentage points from the previous month.
The province vowed to create 1.2 million jobs, maintain the unemployment rate at around 5 percent and ensure that the consumer price index would only increase by about 3 percent this year, according to the report.
The city also set goals for other major economic indicators in 2023, including a surveyed urban unemployment rate of 5 percent or less and consumer price index growth of about 3 percent, said the government work report.
Goals were also set for other major economic indicators in 2023, including a surveyed urban unemployment rate of 5 percent or less and consumer price index growth of about 3 percent, according to the government work report.
Goldman Sachs analysts have forecast that the country's consumption will grow about 7 percent year-on-year in 2023, while the unemployment rate is expected to decline and average incomes are likely to improve this year — both contributing to the rebound of consumption.
Other factors brightening investor sentiment toward Chinese securities are GDP growth hopes, improved business confidence levels, and expectations that the unemployment rate, inflation and debt default risks will all remain manageable, while supportive policies will help the troubled property industry and other struggling sectors like travel, tourism, hospitality and catering to see a turnaround.
They further said China's unemployment rate will likely decline this year, while consumer confidence will recover as incomes improve.
The province is also expected to create more than 450,000 jobs and keep its urban unemployment rate under 5.5 percent in 2023, according to the work report.
The unemployment rate is expected to decline and average incomes are likely to improve in 2023.
In 2023, the expansion of the province's general government revenue and the increase of the income of its urban and rural residents will keep pace with economic growth, Wang said, while the rise in inflation will be kept below 3 percent, and urban unemployment below 5 percent.
They include ensuring that the urban unemployment rate stays below 5 percent, having Shanghai's per-capita disposable income grow at a similar pace as the city's economic growth, containing consumer price rises at around 3 percent and setting aside 3 percent of GDP for environmental protection.
•xa0Maintaining the urban unemployment rate below 5 percent and adding more than 550,000 new posts.
According to the report, Tianjin also aims to create 350,000 new jobs, with its surveyed urban unemployment rate to stay at about 5.5 percent in 2023.
They include ensuring the urban unemployment rate stays below 5 percent, having Shanghai's per-capita disposable income grow at a similar pace as the city's economic growth, containing consumer price increase at around 3 percent, and setting aside 3 percent of the GDP for use on environment protection.
Experts said this situation underscores the significance of increasing policy support to ensure a sound rebound in domestic demand, especially as the consumption recovery still faces hurdles such as rising unemployment.
Backed by steady economic recovery, the country's employment situation has remained stable with the surveyed urban unemployment rate standing at 5.5 percent in October, flat from the September level.
Unemployment insurance refunds totaling 44.84 billion yuan were given to some 7.21 million enterprises, or more than half of all employers covered by the social security net, in the first eight months of the year, according to the Ministry of Human Resources and Social Security.
The requirement will be relaxed under which local governments can subsidize enterprises with unemployment insurance funds to retrain workers.
Unemployment insurance benefits will be issued to the jobless in a timely manner.
"Unemployment insurance and other support policies must be fully delivered to benefit all those eligible.