China's Youth Unemployment Declines as Government Boosts Economic Support Measures

April 17, 2025
China's Youth Unemployment Declines as Government Boosts Economic Support Measures
  • In response to ongoing economic challenges, the Chinese government is implementing stronger fiscal and monetary support measures, targeting a growth rate of approximately 5% for 2025.

  • Overall, the nationwide urban jobless rate for March 2025 was recorded at 5.2%, a decrease from a two-year high of 5.4% in February.

  • As part of its efforts to enhance employment opportunities, China’s State Council has released new guidelines aimed at developing a high-quality employment service system specifically for university graduates.

  • Additionally, the unemployment rate for those aged 25 to 29 declined to 7.2%, while the rate for individuals aged 30 to 59 fell to 4.1%.

  • Recent statistics indicate a positive trend in employment, with the youth jobless rate for urban residents aged 16 to 24 decreasing to 16.5% in March 2025, down from 16.9% in February.

  • This decline in unemployment rates highlights the Chinese government's commitment to enhancing employment opportunities for the youth.

  • It's noteworthy that China had previously stopped reporting youth unemployment data after it peaked at a record high of 21.3% for the 16-24 age group in June 2023, but resumed publication in December 2023 using a revised methodology.

  • However, these unemployment statistics do not account for individuals who have stopped looking for work and do not reflect the conditions in rural areas of China.

Summary based on 2 sources


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Sources

China’s youth jobless rate dips in March to 16.5%

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