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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 ...
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 ...
In Japan and South Korea, youth unemployment rates were at historic lows. The U.S. Bureau of Labor Statistics reported that youth unemployment in July was 9.8%, up from 8.7% the same period last year.
[51] [52] Youth unemployment has stayed elevated since early 2022 as Covid disruptions and a property slump added to already existing structural problems in the labor market. [53] On August 15, 2023, the National Bureau of Statistics of China (NBS) announced the cessation of publishing the youth unemployment rate. In July of 2023, the National ...
Since January 2023, the unemployment rate among young people in China has risen. Since July 2024, the youth unemployment rate has been steadily above 17%. Many are discouraged by what they perceive to be poor working conditions. [9]
The unemployment rate for people in China ages 16 to 24, and not in school, rose to 17.1% last month, according to the latest data update Monday. That’s up from 13.2% in June. More from CNBC
Youth unemployment had been nudging 20% before the way of measuring the figures was altered to make the situation look better. In August 2024, it was still 18.8%. The latest figure for November ...
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.