China Jobless Rate Holds at 5% in June

China’s official surveyed urban unemployment rate remained at 5.0% in June, unchanged from May and in line with economists’ expectations, according to data released early Tuesday in Beijing. The steady reading suggests labour-market conditions are broadly stable despite slowing economic momentum and the first quarter’s tariff shock. Policymakers have signalled they will monitor employment indicators closely as they weigh additional support measures for growth.