China's National Bureau of Statistics: Unemployment rate for 16-24 year olds falls from previous month - Chinese media

On the 22nd, the National Bureau of Statistics of China announced the unemployment rate by age group for September. In September, the unemployment rate for 16-24 year olds in both urban and rural areas nationwide fell 1.2 percentage points from the previous month to 17.
The unemployment rate for those aged 25-29 was 6.7%, down 0.2 percentage points, and the unemployment rate for those aged 30-59 was 3.9%, unchanged from the previous month. Both figures exclude students enrolled in school.
What is noteworthy is that the unemployment rate for those aged 16 to 24, which had risen for two consecutive months, has now started to decline. According to the bureau's data, the surveyed unemployment rate in urban and rural areas nationwide for the first nine months of this year was 1.2% lower than the same period last year.
The surveyed unemployment rate for both urban and rural areas nationwide in September was 5.1%, down 0.2 percentage points from the previous month.
According to a representative of the National Bureau of Statistics, when looking at the surveyed unemployment rate in urban and rural areas nationwide by quarter, the first quarter (
The figures for the third quarter (Jan.-March) were 5.2%, for the second quarter (Apr.-Jun.) 5.0%, and for the third quarter (Jul.-Sep.) 5.2%. "The third quarter figure was slightly higher due to the college graduation season, but
"Overall, the situation was stable," he said. However, he pointed out that "problems remain in the employment system, with the youth unemployment rate being relatively high and a shortage of job openings in some manufacturing industries."