Youth Unemployment in China

SOURCE www.nbcnews.com
China's youth unemployment rate in July 2024 reached a record high of 17.1%, the highest since new record-keeping began. Urban unemployment rate also increased to 5.2% in July.

Key Points

  • Youth unemployment rate in China rose to 17.1% in July 2024
  • Urban unemployment rate increased to 5.2% in July
  • China suspended reports of youth unemployment rate for much of the second half of the previous year
  • Structural challenges in employment market leading to businesses struggling to find suitable workers