BEIJING: China created 10.7 million jobs in cities in the first nine months, reducing the urban jobless rate to 4.04% at the end of September from 4.1% three months earlier, the country's labour ministry said on Friday.
The urban jobless rate is China's only official unemployment indicator, but analysts say it grossly underestimates the true level of unemployment as it excludes about 260 million migrant workers from its surveys.
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