Highlights

  • Is China facing its biggest job crisis?
  • Record number of youth unemployed in China
  • 11.6 mn students to graduate in June

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Overqualified and underemployed: China's biggest ever job crisis

The urban unemployment rate for the age group of 16 to 24 years in China hit a record high of 20.4% in April.

Overqualified and underemployed: China's biggest ever job crisis

Nearly 11.6 million students are set to graduate across China in June but they will be stepping into the job market at a time when the country's unemployment rate for the youth is at a record high, according to a report by The Guardian.

The urban unemployment rate for the age group of 16 to 24 years in China hit a record high of 20.4% in April. It was 19.6% in March and 18.1% in February.

According to the Bureau of Statistics data quoted by a News18 report, 6 million of the 96 million in the 16-24 age group in the urban labour force are currently unemployed.

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