Monthly surveyed urban youth unemployment rate in China June 2021-2023
In June 2023, the surveyed unemployment rate of young people between 16 and 24 years of age in urban areas of China ranged at 21.3 percent, up from 20.8 percent in the previous month. Youth unemployment is considerably higher than total unemployment in urban areas of China.
On August 15, 2023, a spokesman of the National Bureau of Statistics of China announced that the publication of age specific unemployment data, including youth unemployment data, would be temporarily suspended. Mr. Fu said the statistical methodology for calculating age specific unemployment rates needed improvement and the publication of youth unemployment data would be continued after a new methodology has been developed.
Youth jobless figures fluctuate over the year and normally peak in July in China, when the largest number of graduates enter the job market. Therefore, it is very likely that the number of unemployed young people further increased in July 2023 and will drop again in the following months.
On August 15, 2023, a spokesman of the National Bureau of Statistics of China announced that the publication of age specific unemployment data, including youth unemployment data, would be temporarily suspended. Mr. Fu said the statistical methodology for calculating age specific unemployment rates needed improvement and the publication of youth unemployment data would be continued after a new methodology has been developed.
Youth jobless figures fluctuate over the year and normally peak in July in China, when the largest number of graduates enter the job market. Therefore, it is very likely that the number of unemployed young people further increased in July 2023 and will drop again in the following months.
