China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger

EIU explained the sheer number of new graduates, far outstrips jobs — the majority of which are still focused in the lower-skilled sectors. Official data showed unemployment rate among those aged 16 to 24 in the world’s second-largest economy was 14.

EIU explained the sheer number of new graduates, far outstrips jobs — the majority of which are still focused in the lower-skilled sectors. Official data showed unemployment rate among those aged 16 to 24 in the world’s second-largest economy was 14.

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