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CN May Urban Surveyed Unemployment Rate Keeps at 5%, In Line
The National Bureau of Statistics (NBS) released data showing that in the first five months of this year, China's urban surveyed unemployment rate averaged 5.1%, a decrease of 0.3 ppts from the same period of the previous year.

In May, the urban surveyed unemployment rate was 5%, in line with market expectations, unchanged MoM and 0.2 ppts lower YoY. The surveyed unemployment rate for local household workers was 5.1%, while the surveyed unemployment rate for non-local household workers was 4.7%, with the surveyed unemployment rate for non-local agricultural household workers at 4.5%.

Related NewsCN Jun CPI Up 0.2% YoY, vs 0.4% Rise in Consensus
In May, the surveyed urban unemployment rate in 31 large cities was 4.9%, falling 0.1 ppts MoM and 0.6 ppts YoY. The average weekly working hours of employed workers in enterprises nationwide was 48.7 hours.

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