Q2 job confidence among Chinese households lowest since 2009 - central bank survey

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BEIJING : A Chinese index of employment confidence dived in the second quarter to its lowest since the global financial crisis of 2008 and 2009, a central bank survey showed on Wednesday, after tough COVID-19 curbs took a toll of the economy from April to June.Nearly 46 per cent of Chinese households thin

BEIJING : A Chinese index of employment confidence dived in the second quarter to its lowest since the global financial crisis of 2008 and 2009, a central bank survey showed on Wednesday, after tough COVID-19 curbs took a toll of the economy from April to June.

A cohort of graduates larger than the entire population of Portugal is about to enter one of China's worst job markets in decades, at a time when youth unemployment stands at a record of 18.4 per cent.

 

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