Logo 16 Aug 2022

Expectations vs. reality

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China’s stats bureau published the monthly employment data for July on Monday.
The headline: Youth (16-24) unemployment hit a record high of 19.9%, up from 19.3% in June and 16.2% in July 2021.

Meanwhile, the surveyed urban unemployment rate was 5.4%, a slight improvement on June’s 5.5% print.

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