China's unemployment rate eased in the first quarter to below 4 percent, suggesting a healthy economy and calmed authorities who are concerned that slowing growth may lead to job losses.
The unemployment rate fell to 3.97 percent and 3.34 million jobs were created in the first quarter of the year, data from the Ministry of Human Resources and Social Security showed Tuesday, the state-run news agency Xinhua reported.
The unemployment rate dropped 0.05 percentage points from the previous quarter and 0.07 percentage points from a year ago. The job creation figure was 160,000 higher than that in the same period last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.