{"id":5354,"date":"2024-07-17T16:25:41","date_gmt":"2024-07-17T10:40:41","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=5354"},"modified":"2024-07-17T16:25:41","modified_gmt":"2024-07-17T10:40:41","slug":"china-youth-unemployment-down-in-june-stats-bureau","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/china-youth-unemployment-down-in-june-stats-bureau\/","title":{"rendered":"China youth unemployment down in June: stats bureau"},"content":{"rendered":"
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Youth unemployment in China edged down in June, official statistics showed Wednesday, as policymakers convened in Beijing for closed-door meetings to discuss the country’s uncertain economic outlook.<\/p>\n

More than 18 months since abolishing stringent Covid-19 controls that weighed heavily on growth, a highly anticipated post-pandemic recovery has been less robust than leaders had hoped.<\/p>\n

Soaring joblessness among young people is just one of the hurdles the world’s second-largest economy has faced, alongside a heavily indebted property sector and trade fraught by geopolitical tensions with the West.<\/p>\n

But the unemployment rate for people aged 16 to 24 inched down last month to 13.2 percent, the National Bureau of Statistics (NBS) announced Wednesday, a slight improvement from 14.2 percent in May.<\/p>\n

The figure, which excludes students, is the lowest recorded since authorities resumed publishing youth unemployment data in January under a revamped calculation method.
\nIt had skyrocketed to a record 21.3 percent in June last year, before authorities suspended the release of figures for several months, citing a need to review methodology.<\/p>\n

The jobless rate for people aged 25 to 29 stood at 6.4 percent in June, the NBS also said Wednesday, down from 6.6 percent the previous month.<\/p>\n

The general unemployment rate remained steady at five percent.<\/p>\n

However, the NBS figures paint an incomplete picture of China’s overall employment situation, as they only take urban areas into account.<\/p>\n

President Xi Jinping said in May that countering youth unemployment must be regarded as a “top priority”.<\/p>\n

Last month, 11.8 million students graduated from university in China, heightening competition in an already tough job market.<\/p>\n

And authorities released more disappointing economic data on Monday, indicating slower growth and continued sluggish consumption.<\/p>\n

Since Monday, Chinese leaders including Xi have held closed-door meetings in Beijing — scheduled to end Thursday — to discuss economic policy.
\n—<\/p>\n","protected":false},"excerpt":{"rendered":"

Youth unemployment in China edged down in June, official statistics showed Wednesday, as policymakers convened in Beijing for closed-door meetings to discuss the country’s uncertain economic outlook. More than 18 months since abolishing stringent Covid-19 controls that weighed heavily on growth, a highly anticipated post-pandemic recovery has been less robust than leaders had hoped. Soaring […]<\/p>\n","protected":false},"author":1,"featured_media":386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-5354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/5354"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=5354"}],"version-history":[{"count":1,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/5354\/revisions"}],"predecessor-version":[{"id":5355,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/5354\/revisions\/5355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/386"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=5354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=5354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=5354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}