China says jobless rate lowest in years, but challenges persist

Unemployment rate falls to 3.95% by end-September

China’s unemployment rate has hit its lowest point in multiple years at 3.95 per cent by the end of September, but employment still face challenges as the economy pushes ahead with structural reforms, China’s labour ministry said on Sunday.

The ministry of human resources and social security said in a statement that 10.97 million new jobs had been created in China from January to September this year, a growth of 300,000 compared with the previous year.

The figure represents having essentially fulfilled the ministry’s year-end target, the ministry said in a pre-prepared statement given to reporters.

Despite being ahead of