China\u2019s youth jobless rate climbed to 17.9 per cent in July, as a record wave of university graduates enters an already crowded labour market, prompting Beijing to step up employment support.<\/p>\n
The jobless rate for those aged 16 to 24, excluding students, rose 3 percentage points from 14.9 per cent in June \u2013 the last of three straight months of contraction \u2013 according to data released by the National Bureau of Statistics on Wednesday.<\/p>\n
The rate last July was 17.8 per cent and it then climbed to 18.9 per cent the following month \u2013 the highest level since Beijing revised its methodology to exclude students in December 2023.<\/p>\n
The influx comes as the broader job market struggles amid slowing economic growth, with many companies trimming headcount or freezing new hiring.<\/p>\n
Beijing has launched a range of measures to support youth employment in recent years, ranging from providing hiring subsidies to firms that absorb graduates to pressing state-owned enterprises to offer more positions.<\/p>\n
On Tuesday, the ministries of human resources and civil affairs and the Communist Party Central Committee\u2019s Society Work Department issued a notice requiring local authorities to, in principle, open all new community-level jobs to university graduates. Localities were also encouraged to develop roles for graduates and to offer companies and social institutions incentives to boost their hiring.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s youth jobless rate climbed to 17.9 per cent in July, as a record wave of university graduates…\n","protected":false},"author":2,"featured_media":598064,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2102,72,114,253499,237902,113,61,60,253498,12051,253497,33195,253500,253496],"class_list":["post-598063","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-business","tag-china","tag-clare-wang","tag-communist-party-of-china","tag-economy","tag-ie","tag-ireland","tag-jilin-university-of-architecture","tag-national-bureau-of-statistics","tag-society-work-department","tag-university-of-warwick","tag-vikey-zhao","tag-youth-jobless-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/598063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=598063"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/598063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/598064"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=598063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=598063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=598063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}