China's unemployment rate has hit its lowest point in multiple years at 3.95 percent by the end of September, but employment still face challenges as the economy pushes ahead with structural reforms, China's labor ministry said Sunday.

The Ministry of Human Resources and Social Security said in a statement that 10.97 million new jobs were created in China between January and September this year, a growth of 300,000 compared with the previous year.

The figure represents having essentially fulfilled the ministry's year-end target, the ministry said in a pre-prepared statement given to reporters.