China’s Youth Jobless Rate Falls for a Third Month to 13.2%

00:00

00:00/00:00

Listen to this article 1x

What’s new: China’s youth unemployment rate continued to fall in June to its lowest level since a new method for compiling data was introduced in January.

The jobless rate for people aged between 16 and 24 was 13.2% in June, down from 14.2% in May, according to data released by the National Bureau of Statistics (NBS) Wednesday.

The June figure marked a third monthly drop but is still more than double the overall unemployment rate of 5%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

China's youth unemployment rate fell to 13.2% in June from 14.2% in May.
The general unemployment rate for those aged 16 to 24 is still more than double the overall rate of 5%.
The job market is under pressure due to a slow post-pandemic recovery and a property slump, affecting new graduates.

AI generated, for reference only

What Happened When

June 2023：: The surveyed urban unemployment rate for people aged between 16 and 24 hit a record high of 21.3%.

January 2024：: A new method for compiling youth unemployment data was introduced.

May 2024：: The youth unemployment rate was 14.2%.

June 2024：: China’s youth unemployment rate continued to fall to 13.2%, its lowest level since the new method was introduced.

June 2024：: The overall unemployment rate for those aged 25 to 29 fell 0.2 percentage point to 6.4%.

June 2024：: The unemployment rate for people aged between 30 and 59 remained unchanged at 4% for the third month.

AI generated, for reference only

GALLERY

: Gallery: Powerful Quake Strikes Off Japan

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

China Business Uncovered Podcast: Inside the Fall of ‘China’s LVMH’

00:00

00:00/00:00

MOST POPULAR

1: Chief Designer of China’s J-20 Stealth Fighter Disappears From Elite Academic Roster

2: Exclusive: First Chinese Supertanker Loads Saudi Crude via Red Sea, Bypassing Strait of Hormuz

3: Qatar Helium Shutdown Adds New Risk to Chip Supply Chain

4: In Depth: China’s Apartment Middlemen Lose High-Stakes Bet That Rents Will Only Go Up

5: Former Head of China’s Mega-Firm Steps Down Amid Default Scandal