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Unemployment rate climbs slightly

China has recorded a slight increase in its unemployment rate. It rose from 5 percent to 5.1 percent in July, according to new data from the National Bureau of Statistics in Beijing. While the change may seem minimal, China’s unemployment rate is generally very stable, this makes economists wary of even small swings. Even the second-largest economy is not immune to the combination of heavy rains, repeated pandemic outbreaks and disruptions in container logistics.

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