Some Economists Question Strength of China’s Labor Market

Mary P. Humphrey

The U.S., reeling from the coronavirus, has suffered its worst surge in unemployment since the Excellent Melancholy. By distinction, the pandemic has barely touched China’s formal jobless rate, which inched up from 5.3% in January to just six% most a short while ago. The truth on the floor appears to […]

The U.S., reeling from the coronavirus, has suffered its worst surge in unemployment since the Excellent Melancholy. By distinction, the pandemic has barely touched China’s formal jobless rate, which inched up from 5.3% in January to just six% most a short while ago.

The truth on the floor appears to be even worse. Lots of men and women in China have returned to work as the pathogen subsides, but anecdotal evidence and economists’ calculations counsel that China’s labor market is in even worse shape than formal authorities data exhibit.

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