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China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies ...
The rate of urban youth unemployment has been a commonly cited gauge of the country's financial stability. Last year — amid a stagnating economy and slackening labor market — it reached record ...
One year on, youth unemployment remains a headache, with the reconfigured jobless rate spiking to a 2024 high of 17.1% in July, as 11.79 million college students graduated this summer in an ...
Youth unemployment is sensitive after a survey in June found a record 21.3% of potential urban workers aged 16 to 24 couldn’t find work after an economic rebound following the end of anti-virus ...
The youth unemployment rate in China is worth noting due to young workers representing a significant proportion of China's workforce. During 2004 to 2009, [ 47 ] it was easy for a low-skilled young workers to find jobs; however, due to economic stagnation, young workers today may face increasing difficulties in seeking or maintaining jobs.
Since January 2023, the unemployment rate among young people in China has risen. Since July 2024, the youth unemployment rate as been steadily above 17%. Many are discouraged by what they perceive to be poor working conditions.
Youth unemployment is just one of the problems facing China, the world’s second-largest economy after the United States, as it recovers more slowly than expected from three years of pandemic ...
China's unemployment landscape has become a pressing concern, particularly among its youth. Official figures indicate a relatively stable urban surveyed unemployment rate of 5.0% as of late 2024, with annual unemployment projected to decline slightly from 5.2% in 2023 to 5.1% in 2024. However, youth unemployment paints a more troubling picture.