Employment outlook looking rough
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Unemployment is typically a lagging indicator of economic contraction – and that’s not good news for China right now.
The monthly surveyed unemployment rate already hit a record high last month (SCMP):
“The rate hit a record high of 6.2 per cent at the end of February.”
Things will likely look wor...