Jobs
China Warns Youth Unemployment to Worsen After Hitting Record
- Joblessness among young people hits record 21.3% in June
- Millions of graduates seek work as economic recovery stumbles
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China’s youth unemployment rate hit a record in June — marking a third consecutive month above 20% — and the government warned the situation may get even worse as new graduates start looking for work.
The jobless rate for people aged between 16 and 24 was 21.3% last month, the National Bureau of Statistics said Monday. That’s the highest on record in data that goes back to 2018, and NBS spokesman Fu Linghui said the number for July would likely be higher still.