China’s unemployment rate among 16-to-24-year-olds, excluding college students, saw a slight decline in October. Data from the National Bureau of Statistics revealed that the rate dropped to 17.1%, down from 17.6% in September. This indicates a minor improvement in employment prospects for this demographic.
Slight Increase for Older Young Adults
Conversely, the unemployment rate for 25-to-29-year-olds, also excluding college students, rose marginally during the same period. The rate climbed from 6.7% in September to 6.8% in October, reflecting lingering challenges in the job market for older young adults.
Broader Context
The figures highlight China’s ongoing struggles with youth unemployment amid broader economic uncertainties. Policymakers have been rolling out various stimulus measures to address rising joblessness, particularly among younger workers. However, these numbers suggest that while some progress has been made for the younger group, older youth still face hurdles in securing stable employment opportunities.
With inputs from Reuters
