China reports lowest urban unemployment rate since 2008: official

BEIJING - The registered unemployment rate in Chinese cities stood at 3.95 percent at the end of the third quarter, the lowest level since 2008, official data showed.

China created 10.97 million jobs in the first nine months, 300,000 more than the same period last year, the Ministry of Human Resources and Social Security (MHRSS) announced on Wednesday.

The job market has remained stable with the unemployment rate at its lowest level since the global financial crisis in 2008, Lu Aihong, a senior MHRSS official, said at a press briefing.

The registered unemployment rate is calculated based on the number of unemployed people who register with human resource authorities or employment service institutions.