{"id":150117,"date":"2025-09-20T23:25:07","date_gmt":"2025-09-20T23:25:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/150117\/"},"modified":"2025-09-20T23:25:07","modified_gmt":"2025-09-20T23:25:07","slug":"china-youth-unemployment-hits-record-high-since-method-revised","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/150117\/","title":{"rendered":"China youth unemployment hits record high since method revised"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">BEIJING &#8211; China said on Sept 17 its youth unemployment rate hit a record in August since publication resumed under a revised calculation in 2024, adding to a recent string of gloomy economic data.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The government\u2019s jobless rate for people aged between 16 and 24 had soared to more than 21 per cent in June 2023, after which the National Bureau of Statistics (NBS) <a href=\"https:\/\/www.straitstimes.com\/business\/chinas-suspension-of-youth-jobless-data-draws-public-ire?ref=inline-article\" rel=\"nofollow noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><\/p>\n<p class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">paused its monthly publication<\/p>\n<p><\/a>.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The rate dropped by more than six percentage points when figures resumed for December of that year \u2013 though derived from a new methodology that excluded students.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The number has fluctuated over the past year as Beijing sought to breathe new life into a struggling economy that has amplified anxieties in the labour market.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Official NBS data showed on Sept 17 that the youth unemployment rate reached 18.9 per cent in August \u2013 the highest level since the change.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The increase marks the latest development in a recent streak of disappointing figures showing strain on the world\u2019s second-largest economy.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Factory output and retail sales rose last month at their slowest pace in around a year, authorities said earlier this week.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">NBS chief economist Fu Linghui on Sept 15 acknowledged \u201cweak\u201d demand in the domestic economy, noting that \u201csome enterprises are facing operational difficulties\u201d.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The intensified headwinds come as Beijing confronts a multi-sided battle to ensure stable growth.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">A yearslong debt crisis in the property sector, persistent sluggishness in domestic spending and heightened trade tensions with Washington are among the thorny issues facing Chinese leaders.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The NBS announced on Sept 15 that China\u2019s overall unemployment rate last month stood at 5.3 per cent \u2013 up slightly from 5.2 per cent in July. AFP<\/p>\n<p>ChinaEmploymentChina economyChildren and youth<\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING &#8211; China said on Sept 17 its youth unemployment rate hit a record in August since publication&hellip;\n","protected":false},"author":2,"featured_media":150118,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-150117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/150117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=150117"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/150117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/150118"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=150117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=150117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=150117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}