China: Suspends publication of youth unemployment rate
-Further decline in foreign investor confidence-
– Youth unemployment rate rising to 46.5% (including NEET)? ー
We will deliver the summary from the article published by Reuters.
National Bureau of Statistics of China:
On August 15, it announced that it would “suspend the publication of data on the youth unemployment rate.”
It is necessary to improve the measurement method.
Growing dissatisfaction with the country’s employment prospects.
The decision was met with criticism on social media.
Summer job hunting season:
Young people in China are facing the toughest summer job hunting season.
Bureau of Statistics spokesperson
Most college graduates have already found a job.
The employment situation is generally stable.
Worst youth unemployment:
Latest data released last month.
The unemployment rate for 16- to 24-year-olds hit a record high of 21.3% in June.
Chinese government tightening regulations:
Tighter regulation in real estate, high-tech, education, etc. New hires in this sector are difficult.
Sectors that have traditionally accepted many new graduates have been hit hard.
Students returning to their hometown:
Percentage of students who returned to their hometown within six months of graduation.
47% in 2022, up from 43% in 2018.
https://jp.reuters.com/article/china-economy-unemployment-idJPKBN2ZQ06F
China’s youth unemployment rate: may have reached 46.5%
We will deliver the summary from the article published by Reuters.
Official Chinese statistics for June:
China’s youth unemployment rate hits record high of 21.3%
However, “this is only for those who are looking for a job”.
China Youth Unemployment Rate:
In March of this year, a researcher pointed out that “including non-students (NEET), it reached nearly 50%.”
The “controversy over China’s official statistics (not including NEETs)” reignited.
Peking University: Associate Professor Zhang Dandan
In China, there are 16 million NEETs and non-students who rely on their parents.
Including 16 million people in the statistics would raise the unemployment rate to 46.5%.
The article was published in Caixin on the 17th. However, the article has since been deleted.
https://jp.reuters.com/article/china-economy-youth-unemployment-idJPKBN2Z00IZ