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MNI BRIEF: China’s October Youth Employment Rate Remains High

MNI (Singapore)
(MNI)Beijing

China's October youth unemployment rate 1(6-24 years old labor force) excluding students was 17.1%, a still high level as the economy continues to recover, data issued by National Bureau of Statistics Monday showed.

The rate was lower than 17.6% in September and 18.8% in August, but still the third highest this year and much higher than the 5% overall unemployment rate, the data showed.(see:MNI EM: China Domestic Stimulus Needed To Counter Trump-Advisors)

The unemployment rate for the 25-29 years old labor force ex-students was 6.8%, compared with 6.7% in September, and 3.8% for the 30-59 cohort, compared with September’s 3.9%.

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