China suspends report on youth unemployment as joblessness crosses 21%

01:20:00 PM, Tuesday 15th of August 2023 | in miscellaneous

China has decided to suspend the release of the youth unemployment rates, which have increased every month this year. This move follows a record-high youth unemployment rate of 21.3% among 16- to 24-year-olds in June. The suspension coincides with weak economic indicators for July, which have raised concerns about China's ability to achieve its 5% growth target for the year.