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China’s True Unemployment Pain Masked by Official Data

  • Unchanged jobless rate at odds with alternative data sources
  • Labor market woes add to calls for stimulus as growth weakens
General Views of Shanghai As China's $708 Billion Race for Cash Adds Pressure on PBOC to Ease
Photographer: Qilai Shen/Bloomberg
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China’s steady jobless rate is masking pain in the labor market that leaders will find hard to ignore as they look to stimulate the economy in a crucial political year.