SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Rising Youth Unemployment in China

» Updated: 19 August 2024, 18:35

» Published: 17 August 2024

Rising Youth Unemployment in China
Photo: Ng Han Guan/AP/TT

China's challenges with high youth unemployment are growing. In July, youth unemployment rose to 17.1 percent, the highest monthly figure so far in 2024.

It is also a clear increase compared to the previous month when unemployment among 16-24-year-olds was 13.2 percent. The challenge is not new, however - as early as last summer in June, the record figure of 21.3 percent was reported, which then prompted authorities to temporarily stop reporting the figures and change the calculation method, excluding students from the statistics.

Nearly twelve million students left Chinese universities in June, and the country's president Xi Jinping has previously announced that combating youth unemployment will be a priority.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Cryptocurrency victory in the US Congress
1 MIN READ

Cryptocurrency victory in the US Congress

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet