Number of laid-off SOE workers falls in China: Ministry

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Last updated at: (Beijing Time) Monday, February 16, 2004

Number of laid-off SOE workers falls in China: Ministry

The number of China's state-owned enterprise (SOE) workers registered as laid off fell by 1.5 million to 2.6 million in 2003, the Ministry of Labor and Social Security said Monday.

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The number of China's state-owned enterprise (SOE) workers registered as laid off fell by 1.5 million to 2.6 million in 2003, the Ministry of Labor and Social Security said Monday.

A total of 8.5 million new jobs were created in China in 2003, and 4.4 million unemployed found new jobs, the ministry said.

The number of unemployed people registered in the urban areas totaled 8 million by the end of 2003, an unemployment rate of 4.3 percent, up 0.3 percentage points over the previous year.

The ministry has also set a target of five million new jobs this year and an urban unemployment rate of around 4.7 percent.

By the end of 2003, about 103.73 million Chinese had entered unemployment insurance, up 1.91 million year on year, the ministrysaid.

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