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Jobless rate should be below 5% for stability

By Tan Yingzi | China Daily | Updated: 2008-12-10 07:40

Jobless rate should be below 5% for stability

Social stability could be threatened if the registered urban unemployment rate rises above 5 percent next year, a senior lawmaker warned yesterday.

Zheng Gongcheng, a member of the National People's Congress Standing Committee, told China Daily the jobless rate could rise next year from the existing 4 percent because of massive job cuts.

His remarks come as policymakers are holding a three-day Central Economic Work Conference to discuss measures to create new jobs and maintain the existing unemployment rate in the face of the global financial crisis.

Jobless rate should be below 5% for stability

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