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China’s Youth Unemployment Rate Rises to Another Record

China’s urban youth unemployment rate reached 19.9% in July, the highest level since record keeping began in January 2018, according to National Bureau of Statistics (NBS) data released Monday.

It’s the fourth consecutive month of record high unemployment among urbanites from 16 to 24 years old, with the rate increasing 0.6 of a percentage point from June.

Source : Caixin

Source : Bloomberg

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