Youth unemployment in China has been at an alarming level for a long time.
In China, the youth unemployment rate rose to 17.1 percent in July, the highest level of the year, according to the country’s national statistics center. As recently as June, the unemployment rate for 16-24 year olds was 13.2 percent.
Youth unemployment in China has been at an alarming level for a long time. In August of last year, the National Statistics Center announced that it would stop publishing unemployment figures for the time being.
When the new youth unemployment figures were announced at the beginning of the year, Statistics Finland had changed its calculation method so that students were no longer counted as unemployed. This is how youth unemployment rates dropped dramatically.
President Xi Jinping declared in the spring that youth unemployment is the number one issue on the agenda.
Source: AFP