China Brings Back Youth Jobless Rate, With Rosier Number

(Bloomberg) — China said its youth unemployment rate improved in December after policymakers spent months tweaking their methodology on the figure that hit a record high last summer.

The jobless rate was 14.9% last month for those between 16 and 24 years old, the statistics department said in a statement Wednesday. That figure excluded current students, and compared to 21.3% in June before the body suspended releasing such data.