（经济观察）“暖”数据传递中国民生保障温度

Group 1: Employment Stability - The overall employment situation in China remains stable, with an average urban survey unemployment rate of 5.2% in 2025, lower than the expected target of around 5.5% [1] - The unemployment rate in 31 major cities averaged 5.1%, consistent with the previous year, and remained between 5.0% and 5.3% throughout the year [1] - The unemployment rate for urban labor aged 30-59 was 4.0%, 1.2 percentage points lower than the national urban average, indicating a stable employment foundation for this demographic [1] Group 2: Income Growth - In 2025, the per capita disposable income of residents reached 43,377 RMB, reflecting a real growth of 5.0%, in line with economic growth [3] - Rural residents' income growth outpaced urban residents by 1.5 and 1.8 percentage points in nominal and real terms, respectively, leading to a reduction in the urban-rural income gap from 2.34 to 2.31 [3] - The growth in income is supported by stable increases in wage income, operating net income, and transfer net income [3] Group 3: Price Stability - The Consumer Price Index (CPI) in China remained stable in 2025, with a year-on-year increase of 0.8% in December, the highest since March 2023 [4] - The overall CPI for the year was flat compared to the previous year, while the core CPI, excluding food and energy, rose by 0.7%, an increase of 0.2 percentage points from the previous year [4] - Favorable climate conditions and sufficient supply of food contributed to the stability of prices, with ongoing policies aimed at boosting consumption expected to further support price stability [4]