China'S Unemployment Rate 2024. Unemployment, total (% of total labor force) (modeled ilo estimate) in china was reported at 4.67 % in 2023, according to the world bank collection of development indicators,. Monday's data also showed that china's gross domestic product grew 5 percent year on year in the first half of 2024.

China’s unemployment crisis underscores the broader challenges facing the country’s economic model. The urban surveyed unemployment rate in 2023 averaged 5.2 percent.