Track CH Unemployment Rate to gauge economic health and inform monetary policy decisions. Key for Forex markets.
While often considered a lagging indicator, the unemployment rate serves as a crucial gauge of economic health, as consumer spending closely reflects labor market conditions. Additionally, unemployment is a key factor for policymakers managing the country's monetary policy; originally published in April 2018.
What it Measures
The percentage of the urban workforce that is unemployed and actively seeking jobs from the previous month.
Usual Effect
'Actual' results falling below 'Forecast' are favorable for the currency.
Source & Frequency
National Bureau of Statistics of China (latest release) - http://www.stats.gov.cn/english/ • Data is released monthly, except for February, approximately 15 days after the end of each month.
How Data is Derived
N/A
Also Known As
Jobless Rate
Acronym
N/A