China’s urban youth jobless rate falls slightly in tough market for graduates

Source: China – South China Morning PostChina’s urban youth unemployment rate continued to ease last month, though fierce labour market competition remains a challenge for many jobseekers.
The jobless rate for those aged 16 to 24, excluding students, slightly decreased to 17.3 per cent in October from 17.7 per cent in September, according to data released by the National Bureau of Statistics on Tuesday.
Following a record 12.2 million graduates entering the job market over the summer, the youth unemployment rate rose in August to its…Read More

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