China to Halt Youth Jobless Data After Unemployment Rate Soars
- A fifth of young people in China were out of work in June
- Omission of July rate comes amid concerns about opaque data
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China suspended publishing data on its soaring youth unemployment rate to iron out complexities in the numbers, fanning investor fears about data transparency in the world’s second-largest economy.
The National Bureau of Statistics didn’t release a figure for the jobless rate for people aged between 16 and 24 in its July economic activity report on Tuesday. Youth unemployment hit a record 21.3% in June, with the bureau last month indicating the figure would probably increase.