Record graduate influx pushes China’s youth unemployment rate to 18.9% - South China Morning Post

Anxieties over AI’s growing threat to entry-level roles add to existing concerns about economic doldrums caused by weak domestic demand China’s urban youth unemployment rose last month, as a record influx of university graduates struggles to find work in a job market weighed down by weak domestic demand and the growing adoption of artificial intelligence. The jobless rate for those aged 16 to 24, excluding students, rose to 18.9 per cent in August from 17.9 per cent in July, according to data released by the National Bureau of Statistics on Thursday. This figure, as well as the identical number from August last year, represents the highest reading since Beijing revised its calculation methodology to exclude students in 2023, following a peak of 21.