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China's 2013 urban unemployment rate at 4.1 %

PTI | Last Updated: Friday, January 24, 2014 - 14:47

Beijing: Over 13 million jobs were created in China in 2013 while the urban unemployment rate in the world's second largest economy stood at around 4.1 percent.

The unemployment rate edged up to 4.05 percent at the end of the fourth quarter from 4.04 percent at the end of the third quarter, the Chinese Ministry of Human Resources and Social Security said today.

A total of 13.1 million new jobs were created in urban areas last year, and 5.66 million people were re-employed, state-run Xinhua news agency reported.

Gross revenue of social insurance funds increased 13.8 percent year on year to 3.29 trillion yuan (USD 539.03 billion), while gross expenditure totalled 2.65 trillion yuan, up 19.6 percent from a year ago, ministry spokesman Li Zhong said.

China's social insurance funds contain five parts: basic pension funds, basic medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.

First Published: Friday, January 24, 2014 - 14:47
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