Economics
China’s Youth Unemployment Spikes as Students Graduate
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China’s youth unemployment rate rose to the highest this year, as students graduate and China’s economic recovery slows on virus disruptions and weakening global demand.
The unemployment rate for those between the ages of 16-24 -- which captures graduates from school and college -- rose to 16.2% last month from 15.4% in June, data from the National Bureau of Statistics showed. A record 9.09 million students will graduate this year, putting pressure on the labor market and the government to ensure there are enough jobs.