Markets rally despite China's youth unemployment soaring to 18.8 percent
Shanghai (AFP) Sept 21, 2024
Youth unemployment in China climbed to 18.8 percent in August, its highest level this year, as the country struggles to boost a flagging economy. The unemployment rate among 16- to 24-year-olds not in education rose from 17.1 percent in July, according to figures released by the National Bureau of Statistics (NBS) on Friday. The closely watched metric peaked at 21.3 percent in June of 20
Youth unemployment in China climbed to 18.8 percent in August, its highest level this year, as the country struggles to boost a flagging economy. The unemployment rate among 16- to 24-year-olds not in education rose from 17.1 percent in July, according to figures released by the National Bureau of Statistics (NBS) on Friday. The closely watched metric peaked at 21.3 percent in June of 20