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17 Sep 2015
China: All set to release monthly labour data from 2016 – NAB
FXStreet (Delhi) - Gerard Burg, Senior Economist at NAB, notes that come 2016 and we will be getting the results of a new monthly labour force survey of China, which will be released by the National Bureau of Statistics.
Key Quotes
“While there are only limited details as to the scope of this survey, the results may finally shed some light on one of the most opaque elements of China’s economy – its unemployment rate.”
“The stability of China’s official unemployment rate over the past fifteen years has been a source of scepticism, with most observers considering the measure as an unreliable indicator of underlying labour market conditions.”
“From our perspective, we hope the greater benefit that policy makers will derive from timely labour market data will be sufficient to limit the potential distortions. That said, this will only become clear with time.”
Key Quotes
“While there are only limited details as to the scope of this survey, the results may finally shed some light on one of the most opaque elements of China’s economy – its unemployment rate.”
“The stability of China’s official unemployment rate over the past fifteen years has been a source of scepticism, with most observers considering the measure as an unreliable indicator of underlying labour market conditions.”
“From our perspective, we hope the greater benefit that policy makers will derive from timely labour market data will be sufficient to limit the potential distortions. That said, this will only become clear with time.”