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China’s economy grew 5.2% in 2023, officials said Wednesday, as they resumed reporting the unemployment rate for young people.
Lee Ying Shan, CNBC. September 23, 2024 at 9:12 AM. Job hunters at an employment fair in Henan Province, China on Aug. 16. China ’s youth unemployment rate in August rose to the highest level ...
(China’s general urban unemployment figure—which the bureau did release on Tuesday—was 5.3% in July, up 0.1 percentage points from the month prior). Youth unemployment is now a major crisis ...
China's labor market was highly regulated and dominated by state-owned enterprises, with an average unemployment rate of 3.7 per cent between 1988 and 1995, but this rose sharply after numerous lay-offs between 1995 and 2002, reaching an average unemployment rate of 9.5 per cent between 2002 and 2009. [32]
This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11.
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 ... The People's Bank of China cut the interest rate on a one ...
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 ...