Q1 urban unemployment rate at 4.2 pct (Reuters) Updated: 2006-04-30 07:29 BEIJING, April 29 - China's registered urban
unemployment rate stood at 4.2 percent in late March, level with the same period
a year ago and with the rate for 2005 as a whole, Xinhua New Agency said on
Saturday.
From January to March, the country created 2.52 million new jobs for
first-time job seekers, re-employed 1.03 million of laid-off workers and helped
280,000 people who had difficulty finding jobs, Xinhua quoted an official of the
Ministry of Labour and Social Security as saying.
China is adopting measures including offering technical training and
providing small-scale loans in 100 pioneer cities to help people find work.
"It is hopeful we can fulfil the annual plan at the middle of this year," the
official said.
China created some 9.7 million jobs last year and Premier Wen Jiabao said in
March that China would target an urban unemployment rate of 4.6 percent this
year.
But in February, the country's planning agency warned that China faced
serious employment challenges and was likely to create less than half the 25
million jobs needed to cope with armies of new job seekers and retrenched
workers.
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