China's National Bureau of Statistics: Youth unemployment rate rises in July... 17.1% for 16-24 year olds - Chinese media

On the 16th, the National Bureau of Statistics of China announced the age-specific unemployment rate statistics for July. In July, the unemployment rate for 16-24 year olds in both urban and rural areas nationwide rose 3.9 percentage points from the previous month to 17.1%.
The unemployment rate for those aged 25-29 rose 0.1 percentage point to 6.5%, while the unemployment rate for those aged 30-59 fell 0.1 percentage point to 3.9%.
The unemployment rate for 16-24 and 25-29 year-olds had fallen for three consecutive months, but it began to rise in July.
According to statistics, the surveyed unemployment rate in urban and rural areas nationwide rose 0.2 percentage points from the previous month to 5.2% in July.
Liu Aihua, a spokesperson for the bureau, said the rise in the youth unemployment rate in July was due to "the graduation season, with many people planning to graduate from college."
"The big impact is the concentrated influx of people into the labor market."