From January to May 2024, China’s urban surveyed unemployment rate was 5.1%, down 0.3 percentage points from the previous year. In May alone, it was 5%, unchanged from April and down 0.2 points YoY. In 31 large cities, the rate was 4.9% in May, down 0.1 points from April and 0.6 points YoY. Analysts attribute the job market rebound to China’s stable economic recovery and targeted measures by the government. NBS spokesperson Liu Aihua noted that economic expansion, increased industrial production, and a recovering service sector have bolstered employment. The government aims to create over 12 million urban jobs and maintain the unemployment rate around 5.5% in 2024, with a significant emphasis on developing new sectors and job roles. The digital and green economies are expected to be major job creators, potentially employing 449 million people by 2030.