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China jobs: unemployment rate dips, but numbers mask structural problems keeping graduates out of work

Summary:
[unable to retrieve full-text content]China’s unemployment rate has steadily dropped from last year’s pandemic peak, though a lack of jobs for graduates and a shortage of skilled manufacturing workers point to underlying problems in the labour market.The urban jobless rate fell to a two-year low of 5 per cent in May, official data showed last week, but unemployment for those between the ages of 16 and 24 – which captures graduates from high school and college – was more than double that, at 13.8 per cent.Anecdotal reports suggest a…

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[unable to retrieve full-text content]
China’s unemployment rate has steadily dropped from last year’s pandemic peak, though a lack of jobs for graduates and a shortage of skilled manufacturing workers point to underlying problems in the labour market.The urban jobless rate fell to a two-year low of 5 per cent in May, official data showed last week, but unemployment for those between the ages of 16 and 24 – which captures graduates from high school and college – was more than double that, at 13.8 per cent.Anecdotal reports suggest a…

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