As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”

As Youth Unemployment Hits New High, China Waxes Nostalgic for the “Boom Years”

China’s National Bureau of Statistics published new data on Wednesday showing that urban youth unemployment rose to a two-year high last month. According to the data, the rate of unemployed youth aged 16 to 24 (excluding students) rose from 17.8 percent in June to 18.9 percent in August, nearing the historical peak of 21.3 percent in June 2023. This development underscores how even in a country that censors and "optimizes" negative data, a harsh…

Youth unemployment in China climbs to 21-month high at 19%

China's urban youth unemployment rate surged to a two-year high last month, reflecting the deepening job crunch amid economic slowdown.