China Unemployment Rate 2024 Projection. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. The urban surveyed unemployment rate in 2023 averaged 5.2 percent.

China’s gdp growth slowed to 4.7% in the second quarter of 2024. In china, the number of new graduates entering the labor market is also rising—to nearly 12 million in 2024, and there aren’t enough jobs to keep pace, especially as regulatory burdens are dampening growth in industries most likely to employ young people such as technology.