May 16, 2022
China’s unemployment rate increased to 6.1 percent in April, the highest level since the early stages of the Covid-19 pandemic in February 2020.
It comes as the world’s second-largest economy experiences a steep downturn due to widening lockdowns.
Retailers and manufacturers were also heavily hit, according to official statistics.
In March and April, full or partial lockdowns were implemented in dozens of locations, including a lengthy shutdown of Shanghai’s business center.
The administration wants to keep the unemployment rate below 5.5 percent for the entire year.
Source: BBC
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