China says unemployment at 3.95 percent, lowest in years

BEIJING: China’s unemployment rate has hit its lowest rate in multiple years at 3.95 percent by the end of September, the ministry of human resources and social security said in a statement on Sunday.

From January to September this year, 10.97 million new jobs have been created in China, a growth of 300,000 compared with the previous year, the ministry said in a pre-prepared statement given to reporters.

The figure represents having essentially fulfilled the ministry’s year-end target, the statement said.