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China’s urban unemployment rate steady at 4.05 pct

Updated: Jan 22,2016 10:51 AM     Xinhua

The registered unemployment rate in Chinese cities held steady at 4.05 percent at the end of 2015, unchanged from three months earlier, official data showed on Jan 22.

China created 13.12 million new jobs for urban residents last year, exceeding the official target, Li Zhong, spokesman for the Ministry of Human Resources and Social Security, told a press conference.

The government wanted to create at least 10 million new jobs and hold the unemployment rate below 4.5 percent in 2015.