China's youth unemployment rate surged to a record high in August, reaching 21.3% since the implementation of a new record-keeping system in December. This increase comes amidst an economic slowdown and reflects growing challenges for young people seeking employment.
China 's youth unemployment hit a fresh high since the new record-keeping process was implemented in December. China 's youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown.That's up from 17.1% in July
China paused reporting the youth unemployment rate for much of the latter half of last year while it reassessed its calculation methods. The updated jobless rate for young people excludes those who are still in school, reflecting the increasing number of individuals pursuing higher education in a more competitive job market.
Youth Unemployment China Economy Job Market Graduates
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