Employment rate sign of steady economic growth
ON MONDAY, the National Bureau of Statistics released data about China's economy in the first half of the year, which shows the urban unemployment rate has been lower than 5 percent for three successive months. Ifeng.com comments:
That data is the lowest since the NBS started surveying labor conditions monthly in 2016, which shows the domestic labor market remains stable.
Employment is one of the most important factors influencing the daily living conditions of a family, and the unemployment rate is related to other data. For instance, the average national disposable personal income grew by 6.6 percent in the first half of the year, higher than the GDP growth rate per person. Low unemployment has obviously played a major role in that process.
