China's surveyed urban unemployment rate at 5.3 pct in March

China's surveyed urban unemployment rate stood at 5.3 percent in March, down 0.3 percentage points from February, official data showed Tuesday.

The rate among those aged between 25 and 59, the majority of the labor market, stood at 4.3 percent, data from the National Bureau of Statistics showed.

The surveyed unemployment rate in 31 major cities came in at 5.5 percent in March, down 0.2 percentage points month on month, according to the data.

In the first quarter of 2023, China's surveyed urban unemployment rate came in at 5.5 percent, dipping 0.1 percentage points from the fourth quarter of 2022, the data showed.

The surveyed urban unemployment rate is calculated based on the number of unemployed people who have participated in the employment survey in urban areas, including migrant workers in cities.