CANBERA (dpa-AFX) - The Australian dollar retreated from early highs against
the other major currencies in the Asian session on Thursday as the nation's
unemployment rate rose more-than-forecast, while China trade surplus narrowed...
A new survey shows that the real unemployment rate in China is double the official level, and layoffs rose sharply among migrant workers in the past year, underlining a challenge for China's new leaders to maintain growth.
From Citigroup, a look at the unemployment rates in some major countries. Notice anything weird from the land of made-up economic statistics? (See answer below).
Update: A few commenters got it. Chinese unemployment doesn't fluctuate!
China's official unemployment rate fell to 4.1% in September, from 4.2% the month before according to the
Ministry of Human Resources and Social Security. This is also lower than the 4.3% unemployment rate recorded at the end of 2009 according to...
China's unemployment rate came in at an incredibly low 4.1% for Q3, according to China Daily.
But what does that unemployment rate really include?
Only 9.05 million urban Chinese claimed to be unemployed in Q3.
So, if 9.05 million is 4.1% of...
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