China’s youth unemployment rate falls slightly in December as Beijing pledges more support

AI Summary
China's youth unemployment rate (ages 16-24, excluding students) continued its decline in December, reaching 16.5%, a slight decrease from 16.9% in November. This marks the fourth consecutive month of improvement since peaking at 21.3% in June 2023. The decrease follows a record number of university graduates entering the job market over the summer. Despite the improvement, job competition remains fierce, and the Chinese leadership addressed employment for graduates and migrant workers at a central economic work conference in December. The government is pledging more support to address the mismatch between available skills and job vacancies amid deflationary pressures. Some students are finding the job market difficult to navigate, even with internship experience.
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