China Is Grappling With Hidden Unemployment

  • Researcher puts underemployment at 5% and 10% at zombie firms
  • State-run coal and steel companies keep idle workers in limbo

Job seekers speak to recruiters at a job fair in Beijing in April 2016.

Photographer: Kevin Frayer/Getty Images

Cracks are starting to show in China’s labor market as struggling industrial firms leave millions of workers in flux.

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