Some Economists Question Strength of China’s Labor Market

The U.S., reeling from the coronavirus, has endured its worst surge in unemployment because the Great Depression. By contrast, the pandemic has scarcely touched China’s official jobless charge, which inched up from five.three{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} in January to just six{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} most a short while ago.

The fact on the floor seems to be worse. Numerous men and women in China have returned to get the job done as the pathogen subsides, but anecdotal evidence and economists’ calculations counsel that China’s labor industry is in worse form than official govt data display.

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