China ’s youth unemployment rate in June reached a new high, exceeding 21 %.The National Bureau of Statistics of China predicts that as college graduates enter the labor market, the unemployment rate may continue to increase in July, and it will gradually decline after August.
The data released by the National Bureau of Statistics of China on Monday (July 17) showed that the unemployment rate of labor survey of 16 to 24 in June was 21.3%, which was higher than 20.8%in May.This is the highest value since this statistics in 2018.
According to the surging news report, Fu Linghui, spokesman for the National Bureau of Statistics and Director of the National Economic Comprehensive Statistics, said at the press conference of the National Economic Operation in the first half of 2023 that with college graduatesGradually enter the labor market. From the historic point of view, every time the graduation season, the unemployment rate of young people will increase.
Fu Linghui said that from this year's situation, the youth unemployment rate in June was 21.3%, which was improved from last month.From the perspective of the next month, because young graduates and young people enter the labor market, they may improve.
He pointed out that generally, as the graduation season has passed, young people gradually find their jobs. From the historical law, after August, they will gradually decline.
Chinese officials have previously announced data showing that the number of fresh graduates in the country this year is expected to reach 11.58 million, a record high.
