China: 12 Million New Jobs in 2007, 23 Per Minute

China Daily--The national urban and township unemployment rate was reduced to 4 percent last year, thanks to the creation of more than 12 million jobs and despite more people entering the workforce, a top labor official said yesterday.

The number of jobs created exceeded the target of 9 million set at the beginning of last year, Zhai Yanli, vice-minister of Labor and Social Security, said at a press conference.

12 million jobs per year breaks down to:

New jobs created every day: 32,876

New jobs created every hour: 1,369

New jobs created every minute: 23