CCP babble
A record of more than one in five young Chinese are out of work, their career ambitions at least temporarily derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19.
The urban unemployment rate for the 16-to-24 age group reached a record 21.3% in June. In July,
the government stopped publishing age-specific data, prompting speculation the politically sensitive numbers had shot up even higher.
If “full-time adult children” were counted as unemployed, the jobless rate would be more than double the official rate of almost 20 percent in March, Zhang Dandan, a Peking University economics professor, said in an op-ed in the Chinese business magazine Caixin in July.
A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19.
apnews.com
Btw Israel and China trade at record highs