What's China's real unemployment rate?

According to China’s National Bureau of Statistics, the national urban unemployment rate was 5.2% in April. However, based on the methodology developed by a group of Chinese finance professionals in 2017 and using the most recent data, China has over 200 million people unemployed, and the national unemployment rate is over 26%. Unemployment in urban areas is over 50%. Lei compares rural vs. urban, China vs. U.S. data.

1. China’s labor force
2. China’s real unemployment rate
3. Compare rural vs. urban & China vs. U.S.
4. Summary of findings
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References:

https://www.gov.cn/zhengce/2022-03/22/content_5680376.htm
https://www.ndrc.gov.cn/fgsj/tjsj/jjsjgl1/202301/t20230131_1348088.html#:~:text=2022%E5%B9%B4%E6%9C%AB%EF%BC%8C%E5%85%A8%E5%9B%BD%E4%BA%BA%E5%8F%A3%E4%B8%BA,%E5%B9%B4%E5%A2%9E%E5%8A%A027%E4%B8%87%E4%BA%BA%E3%80%82
https://cj.sina.com.cn/article/detail/1010236564/275893
http://www.moe.gov.cn/fbh/live/2023/55167/mtbd/202303/t20230324_1052473.html?ivk_sa=1023197a
#china #unemployment #unemploymentrate