China's 2013 urban unemployment rate at 4.1%

Over 13 million jobs were created in China in 2013 while the urban unemployment rate in the world's second largest economy stood at around 4.1%.

 

The unemployment rate edged up to 4.05% at the end of the fourth quarter from 4.04% at the end of the third quarter, the Chinese Ministry of Human Resources and Social Security said today.

 

A total of 13.1 million new jobs were created in urban areas last year, and 5.66 million people were re-employed, state-run Xinhua news agency reported.

 

Gross revenue of social insurance funds increased 13.8% year on year to 3.29 trillion yuan ($ 539.03 billion), while gross expenditure totalled 2.65 trillion yuan, up 19.6% from a year ago, ministry spokesman Li Zhong said.

 

China's social insurance funds contain five parts: basic pension funds, basic medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.