November 18, 2024 08:21 GMT
MNI BRIEF: China’s October Youth Employment Rate Remains High
MNI (Singapore)
(MNI)Beijing
True
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%.
Keep reading...Show less
100 words