China is grappling with a significant youth unemployment crisis, exacerbated by a prolonged economic slowdown. In 2023, the jobless rate for 16 to 24-year-olds peaked at 21.3 percent—an alarming statistic that led to government intervention, including a halt in reporting. Following a change in methodology, the reported figure was adjusted to 15.7 percent, which many young job seekers dispute as they struggle to find decent employment. They report settling for underpaying positions in a competitive labor market plagued by limited opportunities and economic uncertainty.
In 2023, China’s youth unemployment rate among 16 to 24-year-olds hit a staggering 21.3 percent, prompting government action and a methodological change in reporting.
Young job seekers express frustration at the lack of opportunities, often forced into low-paying jobs, highlighting the dire situation amid economic slowdown.
Despite the government claiming a revised youth unemployment rate of 15.7 percent, many young people remain skeptical, as they contend with a challenging labour market.
The increased youth unemployment reflects broader issues within China's economic landscape and raises concerns about the future prospects for young professionals.
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