Core Insights - Beijing's economic performance in the first three quarters shows stability in employment, income, and prices, indicating a positive trend in the livelihood sector [1] Employment - The urban surveyed unemployment rate in Beijing averaged 4.1% in the first three quarters, consistent with the previous year and the first half of 2023 [2] - In September, the unemployment rate decreased to 4.0%, down by 0.2 percentage points month-on-month [2] - The unemployment rate peaked at 4.3% in July due to new graduates entering the labor market but has since declined [2] Income - The per capita disposable income for residents in Beijing reached 67,206 yuan, reflecting a year-on-year growth of 4.5%, and a real growth of 4.9% after adjusting for price factors [3] - Wage income, which constitutes 65.1% of disposable income, grew by 5.1%, contributing significantly to overall income growth [3] - Urban residents had a per capita disposable income of 72,449 yuan, while rural residents had 32,933 yuan, with rural income growing faster by 1.1 percentage points compared to urban income [3] Prices - The Consumer Price Index (CPI) in Beijing fell by 0.4% year-on-year in the first three quarters, with consumer goods prices decreasing by 0.7% [4] - Food prices saw a significant decline of 2.7%, with fresh vegetables dropping by 9.8% and prices for eggs and pork decreasing by 5.9% and 3.8%, respectively [4] - Service prices remained stable overall, with notable increases in household services by 9.6% due to rising demand and labor costs, while travel-related services experienced price drops [5]