What is more alarming is that the country’s
First, urban youth unemployment generally moves upward during the first half of the year, reaching its annual peak in July. This corresponds to the end of the school year, when millions of college graduates enter the labour market. What drives this steep climb in youth unemployment, and the widening gap between unemployment rates of different cohorts?Evidently, poor economic performance during and immediately following the COVID-19 pandemic is an integral factor. Weaknesses in the economy have persisted since March, reflected in decelerating investment growth andThis year’s unprecedented number of college graduates adds significant employment pressure. China’s Ministry of Education estimates there will be around 11.
Source: News Formal (newsformal.com)