Relevant:
- China Not Delivering on Economic Reform Promises As Excess Capacity Looms
- PRODUCER PRICE SHOCK: Starved of coal, China steel mills opt for output cuts
- Jobless Rate Climbs to 5.7% as 51,000 Jobs Are Lost in July
- More of the same for employment
- Spanish Home Sales Declined for Third Month as Unemployment Rate Tops 20%
2016-08-22 — bloomberg.com
``While official jobless numbers haven't budged, the underemployment rate has jumped to more than 5 percent from near zero in 2010, according to Bai Peiwei, an economics professor at Xiamen University. Bai estimates the rate may be 10 percent in industries with excess capacity, such as unprofitable steel mills and coal mines that have slashed pay, reduced shifts and required unpaid leave.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.