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BEIJING (Reuters) -Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents' pensions ...
China's total unemployment rate has hovered around 5% for the last few years, even through the pandemic. "The overall unemployment rate is just too stable, making it difficult to draw any ...
China’s urban unemployment rate across all age categories rose 5.3% in August, compared to a 5.2% rise in July. “It’s increasingly hard for young people to find high paying jobs as before ...
The unemployment rates of every country throughout the world are strongly correlated with gross domestic product and rural and urban labor. [31] According to a 2017 economic study, official government statistics show that unemployment in China is unusually low relative to gross domestic product and suspiciously stable. [32]
Unemployment rate (2021) [1] 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 ...
China’s economy grew 5.2% in 2023, officials said Wednesday, as they resumed reporting the unemployment rate for young people.
One of the hallmarks of China's socialist economy was its promise of employment to all able and willing to work and job-security with virtually lifelong tenure. Reformers targeted the labor market as unproductive because industries were frequently overstaffed to fulfill socialist goals and job-security reduced workers' incentive to work.
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.