Youth unemployment has once again become a national concern. Data from China's National Bureau of Statistics recently showed the nationwide surveyed urban unemployment rate dipped to 5.2% in April. However, among the population aged 16 to 24, the rate hit a record 20.4%. Since statistical tracking began in 2018, this is the first time the youth unemployment rate has exceeded 20%, underscoring the severity of the situation. The causes are multifaceted, yet the root issue lies in a deficiency in the economy's intrinsic dynamism.

https://www.caixinglobal.com/2023-05-22/editorial-fixing-chinas-jobless-youth-problem-hinges-on-restoring-the-economys-vitality-102057920.html

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