Official data shows that China created more than 10.6 million new jobs for urban residents in the first nine months of the year. This number surpasses the full-year goal of 10 million.
According to the survey launched by the Ministry of Human Resources and Social Security, the amount of job vacancies was higher than the number of job-seekers in the period.
Li Zhong, a spokesperson at China's Ministry of Human Resources and Social Security, said that although the urban unemployment rate rose to 4.05 percent at the end of September, there haven't been any massive job losses.
Li said:"A survey by our ministry of more than 30,000 enterprises across the country shows that the number of jobs lost since the start of the third quarter is lower than that in the first half of the year. The number of surveyed enterprises cutting jobs accounts for less than 5 percent of the total, a very low percentage. Job losses are mainly seen in such key sectors as coal mines, iron and steel, and the chemical industry, as part of efforts to eliminate overcapacity or improve environmental protection."
