China Unemployment Rate 2022 Projection. The surveyed urban unemployment rate at the year end was 5.5 percent. The formula used to calculate the labour force gap by the authors is as follows:
The surveyed unemployment rate in 31 major cities stood at 6.1 percent in december 2022, down 0.6 percentage points from the previous month. The unemployment rate is a useful measure of the underutilization of the labour supply.
