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The city's jobless rate rose to a record high in May as a result of the impact of the SARS outbreak on the economy, and analysts believe it is likely to rise further in the near term despite an improving business environment.
Latest government statistics released Tuesday suggested the unemployment rate in March-May rose to 8.3 percent from 7.8 percent during February-April. The underemployment rate also increased from 3.2 percent to 3.8 percent over the same period.
The number of unemployed rose by some 13,300 to 287,000, while the number of underemployed increased from 112,700 to 135,000.
"The manpower resource balance is likely to loosen further, putting upward pressure on both the unemployment and underemployment rates in the near term," the government said in a statement.
(China Daily June 18, 2003)
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