China's National Bureau of Statistics: Unemployment rate for 16-24 year olds rises for second consecutive month - Chinese media

On the 20th, the National Bureau of Statistics of China announced the age-specific unemployment rate statistics for August. In August, the unemployment rate for 16-24 year olds in both urban and rural areas nationwide rose 1.7 percentage points from the previous month to 18.8%.
The unemployment rate for those aged 25-29 rose 0.4 percentage points to 6.9%, while the unemployment rate for those aged 30-59 was the same as the previous month at 3.9%.
Students still enrolled in school are excluded. The unemployment rate for 16-24 and 25-29 year olds rose for the second consecutive month. Prior to this, the National Bureau of Statistics announced that the nationwide urban and rural unemployment rate in August was 5.
The bureau announced that the employment rate for the first time in 2019 was 3 percent, up 0.1 percentage point from the previous month. Liu Aihua, a spokesperson for the bureau, said, "The influx of college graduates into the labor market has had a major impact on this.
It resonated."