Market News

    China's youth jobless rate rises to 16.9% in March

    The jobless rate in China for ​those under 30 ‌years of age in urban areas, excluding college students, ​rose in March, ​data from the National ⁠Bureau of Statistics showed.

    • In ​the youngest segment surveyed, ​among 16-to-24 year-olds, the jobless rate rose to 16.9% ​from 16.1% a month ​earlier, reversing a downward trend ‌that ⁠started in September last year.
    • Among the 25-29 year-olds, excluding students, the unemployment ​rate ​climbed ⁠to 7.7% from 7.2% in February.
    • In ​the 30-59 year-old ​segment, ⁠joblessness inched up slightly to 4.3% from 4.2% ⁠a ​month earlier.

    Source : reuters