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Youth Unemployment Reaches Record Levels in China

06.10.2024 05:18 815 review
IMG

Youth Unemployment Reaches Record Levels in China

In China, the unemployment rate among individuals aged 16 to 24 has hit a record high.

According to Tehsil.biz, the figures continue to rise each month.

Excluding students, the unemployment rate for those aged 25 to 29 has reached a four-month high of 6.9%. This figure was 6.5% just a month ago. For individuals aged 30 to 59, the rate has remained unchanged.

This situation has raised serious concerns across the country, as a significant portion of the youth, who form the backbone of the economy, are unemployed. This trend indicates a looming economic crisis.

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