China Unemployment Rate

China's government will no longer release youth unemployment statistics, it said Tuesday, but the mood among young people online and on the streets of Beijing left no doubt the situation was dire.

Unemployment among Chinese youths jumped to a record 21.3 percent in June, the National Bureau of Statistics said on Monday.

China's slow economy, high unemployment rate and the wave of corporate layoffs have become major decision drivers in the younger generation's lives that they continue postponing major life decisions and contribute to a record-low marriage rate.

This summer, Chinese graduates shared photos of themselves theatrically throwing their degrees into bins, underscoring the bleak outlook as youth unemployment sits at a record high.

China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.

The statistics have been released just one month before another 11.6 million students will graduate from college and vocational schools.

"Severe underemployment" and not unemployment is a more serious problem as a job that needs to be done by one person is often performed by two or more workers, the government think tank NITI Aayog said in a report.

China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry.

The new data provides the first complete measuring stick for the labor market in 2015, a year in which the nation contended with volatile oil prices, a major slowdown in China and modest growth at home.

Official calculation showed the world's second-largest economy needs to grow at a rate of 7.2 per cent annually to ensure 10 million jobs are being created each year, Li was quoted by the Workers' Daily as saying. This would cap the urban unemployment rate at around 4 per cent, he said.

American employers added just 69,000 jobs in May, the fewest in a year, and the unemployment rate increased to 8.2 percent from 8.1 percent. Economists had forecast a gain of 158,000 jobs. The report, considered the most important economic indicator each month, also said that hiring in March and April was considerably weaker than originally thought...

China's government will no longer release youth unemployment statistics, it said Tuesday, but the mood among young people online and on the streets of Beijing left no doubt the situation was dire.

Unemployment among Chinese youths jumped to a record 21.3 percent in June, the National Bureau of Statistics said on Monday.

China's slow economy, high unemployment rate and the wave of corporate layoffs have become major decision drivers in the younger generation's lives that they continue postponing major life decisions and contribute to a record-low marriage rate.

This summer, Chinese graduates shared photos of themselves theatrically throwing their degrees into bins, underscoring the bleak outlook as youth unemployment sits at a record high.

China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.

The statistics have been released just one month before another 11.6 million students will graduate from college and vocational schools.

"Severe underemployment" and not unemployment is a more serious problem as a job that needs to be done by one person is often performed by two or more workers, the government think tank NITI Aayog said in a report.

China added 3.18 million new urban jobs in the first quarter and kept unemployment levels broadly stable, Xinhua said on Friday, citing the social security ministry.

The new data provides the first complete measuring stick for the labor market in 2015, a year in which the nation contended with volatile oil prices, a major slowdown in China and modest growth at home.

Official calculation showed the world's second-largest economy needs to grow at a rate of 7.2 per cent annually to ensure 10 million jobs are being created each year, Li was quoted by the Workers' Daily as saying. This would cap the urban unemployment rate at around 4 per cent, he said.

American employers added just 69,000 jobs in May, the fewest in a year, and the unemployment rate increased to 8.2 percent from 8.1 percent. Economists had forecast a gain of 158,000 jobs. The report, considered the most important economic indicator each month, also said that hiring in March and April was considerably weaker than originally thought...