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

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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

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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.