Economics

China Youth Jobless Rate Hits Record 20% in July on Covid Woes

WATCH: China’s Gen Z is dejected and underemployed. Younger workers’ ambitions and salary expectations are diminishing in the wake of Covid and the tech crackdown,Source: Quicktake by Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Bloomberg News

August 15, 2022 at 2:53 AM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

China’s youth unemployment rate hit a record in July as Covid uncertainties continued to linger and as a record number of graduates stiffened the competition.