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China job market improves marginally in June, dashing hopes of V-shaped rebound even as economy returns to growth

Summary:
[unable to retrieve full-text content]China’s job market, even by official figures, showed only marginal improvement in June with one out of five people in their early 20s being unemployed, despite a sharp second quarter rebound in gross domestic output from a 6.8 per cent contraction in the first three months of the year.The official surveyed unemployment rate in urban areas dropped to 5.7 per cent at the end of June, from a reading of 5.9 per cent at the end of May and a peak of 6.2 per cent at the end of February, according to…

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[unable to retrieve full-text content]
China’s job market, even by official figures, showed only marginal improvement in June with one out of five people in their early 20s being unemployed, despite a sharp second quarter rebound in gross domestic output from a 6.8 per cent contraction in the first three months of the year.The official surveyed unemployment rate in urban areas dropped to 5.7 per cent at the end of June, from a reading of 5.9 per cent at the end of May and a peak of 6.2 per cent at the end of February, according to…

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