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China at risk of increased youth joblessness as labour distress spreads

News Snapshot:

China’s unemployment among young people could be headed for levels last seen more than three years ago, as a record number of graduates prepare to enter the labour market at a time when AI is threatening to displace more entry-level jobs.Surveyed unemployment in urban areas for those aged 16-24 came in at 14.9 per cent in June, according to data released by the National Bureau of Statistics this week. While extending a pattern of seasonal decline, it was the highest for June since the government excluded university students from the sample more than two years ago after the rate surpassed…

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