China's 2013 urban unemployment rate at 4.1 pct

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Over 13 mn jobs were created in China in 2013 while the urban unemployment rate in the world's second largest economy stood at around 4.1 pct. Reuters Over 13 mn jobs were created in China in 2013 while the urban unemployment rate in the world's second largest economy stood at around 4.1 pct. Reuters
SummaryThe unemployment rate edged up to 4.05 per cent at the end of the fourth quarter from 4.04 per cent.

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 per cent.

The unemployment rate edged up to 4.05 per cent at the end of the fourth quarter from 4.04 per cent 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 per cent year on year to 3.29 trillion yuan (USD 539.03 billion), while gross expenditure totalled 2.65 trillion yuan, up 19.6 per cent 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.

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