Space News from SpaceDaily.com
China youth unemployment hits record high since method revised
ADVERTISEMENT


Beijing, Sept 17 (AFP) Sep 17, 2025
China said Wednesday its youth unemployment rate hit a record in August since publication resumed under a revised calculation last year, adding to a recent string of gloomy economic data.

The government's jobless rate for people aged between 16 and 24 had soared to more than 21 percent in June 2023, after which the National Bureau of Statistics (NBS) paused its monthly publication.

The rate dropped by more than six percentage points when figures resumed for December of that year -- though derived from a new methodology that excluded students.

The number has fluctuated over the past year as Beijing sought to breathe new life into a struggling economy that has amplified anxieties in the labour market.

Official NBS data showed Wednesday that the youth unemployment rate reached 18.9 percent in August -- the highest level since the change.

The increase marks the latest development in a recent streak of disappointing figures showing strain on the world's second-largest economy.

Factory output and retail sales rose last month at their slowest pace in around a year, authorities said earlier this week.

NBS chief economist Fu Linghui on Monday acknowledged "weak" demand in the domestic economy, noting that "some enterprises are facing operational difficulties".

The intensified headwinds come as Beijing confronts a multi-sided battle to ensure stable growth.

A yearslong debt crisis in the property sector, persistent sluggishness in domestic spending and heightened trade tensions with Washington are among the thorny issues facing Chinese leaders.

The NBS announced Monday that China's overall unemployment rate last month stood at 5.3 percent -- up slightly from 5.2 percent in July.


ADVERTISEMENT





Space News from SpaceDaily.com
Beijing company sets new thrust record in rocket engine test
China deploys Yaogan 45 satellite on Long March 7A rocket
The 10-Point Seasonal HVAC Checklist Every Homeowner Should Follow (and Why Each Item Matters)

24/7 Energy News Coverage
'A better future is possible': Youths sue Trump over climate change
Durham scientists validate superconducting wires for ITER fusion project
Framatome to upgrade Kozloduy nuclear plant electrical systems

Military Space News, Nuclear Weapons, Missile Defense
North Korea declares nuclear statehood 'permanently enshrined'
ArianeGroup to develop next-generation M51.4 missile for French nuclear deterrent
Comtech modem earns first sovereign certification for SES O3b mPOWER network

24/7 News Coverage
New U.S.-European Sea Level Satellite Will Help Safeguard Ships at Sea
Planet captures first light from Pelican-3 satellite as constellation expands
Trump signs memorandum to deploy U.S. National Guard troops to Memphis



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.