China's Youth Unemployment Rate Rises Amid Economic Concerns
Despite strong initial economic growth, youth unemployment in China increased in March. The jobless rate for young adults stood at 16.9%, marking the end of six consecutive months of decline.
Despite Chinaβs stronger-than-expected first-quarter economic growth, young jobseekers found little respite as March brought a rise in youth unemployment across urban areas, snapping six straight months of decline. The jobless rate for the 16-to-24 age group, excluding students, edged up to 16.9 per cent in March from 16.1 per cent in February, according to data released by the National Bureau of Statistics on Tuesday. The job market, weighed down by deflationary pressures and external...