China's youth unemployment rate reached 17.1% in July, with employers holding off on hiring.

China's youth unemployment rate reached 17.1% in July, with 16-24-year-olds experiencing a surge in unemployment, as employers in the country hold off on hiring. This comes amidst a string of poor economic indicators, prompting analysts to predict a prolonged period of sluggishness for China's economy. The service sector employment rose at its fastest pace in 11 months in July, offering some optimism.

August 16, 2024
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