China’s youth unemployment falls for sixth consecutive month in February
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China's urban youth unemployment rate continued its decline in February, marking the sixth consecutive month of improvement. The jobless rate for those aged 16-24, excluding students, fell slightly to 16.1% from 16.3% in January, according to the National Bureau of Statistics. This gradual decrease follows a peak of 18.9% in August 2023, driven by a record number of university graduates entering the job market. The Chinese government has emphasized employment and livelihoods in its recent work report, pledging support policies for young people. Despite the improvement, the job market remains challenging for inexperienced youth due to deflationary pressures and external uncertainties.
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AI-ExtractedLeo Wei said he had submitted over 100 résumés since his final year of university.
Beijing pledged to “formulate employment support policies for college graduates and other young people”.
In August, the jobless rate reached 18.9 per cent, the highest level since students were excluded from the data in December 2023.
The jobless rate for the 16-to-24 age group, excluding students, edged down to 16.1 per cent in February.
China’s urban youth unemployment rate fell in February for the sixth consecutive month.
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