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Behind stable jobs data, China grapples with hidden unemployment

The underemployment rate has jumped to more than 5% from near zero in 2010: professor
Tuesday, August 23, 2016 - 05:50

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Many state-owned firms battling overcapacity favour putting workers in a holding pattern to avoid mass lay-offs that risk fuelling social unrest.

Beijing

CRACKS are starting to show in China's labour market as struggling industrial firms leave millions of workers in flux.

While official jobless numbers haven't budged, the underemployment rate has jumped to more than 5 per cent from near zero in 2010, according to Bai Peiwei

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