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Registered jobless rate unchanged at 4.2%
By Guan Xiaofeng (China Daily)
Updated: 2005-07-20 06:02

China's registered urban unemployment rate remained unchanged from last year at 4.2 per cent in the first half of this year, a spokesperson of the Ministry of Labour and Social Security said yesterday.

Job seekers participate in a job fair in Nanping, Fujian Province, July 16, 2005. [newsphoto]
There were 8.34 million jobless people in cities by the end of June, according to a report issued by the ministry.

During the period, 5.95 million job opportunities were created, accounting for 66 per cent of this year's goal of creating 9 million new jobs set by Premier Wen Jiabao in March.

"Creating a stable employment situation is not easy. It is a result of the government's active employment policy catering mainly to those having difficulties finding jobs," said Mo Rong, professor and deputy director of the ministry's Institute for Labour Studies.

This year, the central government has allocated an additional 2.6 billion yuan (US$310 million) to urban employment, apart from funds subsidizing laid-off workers from State-owned enterprises (SOEs).

The two funds total 20.9 billion yuan (US$2.4 billion), with money going on social insurance, employment centres, and re-employment training programmes.
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