The U.S., reeling from the coronavirus, has suffered its worst surge in unemployment since the Great Depression. By contrast, the pandemic has barely touched China’s official jobless rate, which inched up from 5.3% in January to just 6% most recently.
The reality on the ground appears to be worse. Many people in China have returned to work as the pathogen subsides, but anecdotal evidence and economists’ calculations suggest that China’s labor market is in worse shape than official government data show.
Is this the model used for last week's jobs report?
MaheshDM15 Wait. What? China lied? I'm shocked 😲 😆😅🤣 yea not really
Quirks? Gimme a break.
Shaddy nation lead by shaddy government why cann't they protest if they don't like it rather than dying in silence forever. Is there any BLM demonstration in China yet?
Millions of workers who lost their jobs weren’t counted in the U.S.'s headline unemployment rate because of fraud in the way the data is presented and revised a year later.
Because China cares life over jobs
Man, I’m sure glad the United States doesn’t manipulate data like that. And with our Media so intent on qualifying what they print.... Isn’t it great not having to live in a place like a China!
The chinese idiom 纸包不住火. You cannot hide the truth.
realDonaldTrump VP SecPompeo I told you China Communist lies, cheats & reports fake numbers. '...Economists’ calculations suggest that China’s labor market is in worse shape than official government data show.'
MPRnews USDOL US Labor Dept admitted they reported the fake jobless numbers by 4.9 millions less. They will not correct May & April jobless numbers.
It could be the trade war and all the negatism are hurting the innocent ones. How we not push enough but not overdoing it?
What is the quirks in the context?
i would say data from China is all fake, even Xi Jingping might not know the real no. coz you know that's Chinese culture to tell the good news and conceal the bad ones
Glad here in the good ol' U.S. of A our jobs numbers are spot-on accurate and have no such flaws. 13.1%. You bet.
jaja. This decade would be a disaster for China with unemployment matters. This is the decade of ROBOTIZATION with the A.I.. We are not gonna need cheap labor no more.
So China and USA cook the book. Ok, got it.
Cool. Just like the Trump adminstration cooking the job report.
They are not quirks. That’s as designed
Good luck
Wow there’s liars there too? No way!
Just like the United States. Our unemployment is closer to 19% than 13% but we don't count 'furloughed' workers and people not actively looking for a job.
They are called Lies not quirks.
What else to expect from serial liar China
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Source: CNBC - 🏆 12. / 72 Read more »