China’s youth unemployment rate edges down slightly but job market still tough - South China Morning Post

Weighed down by weak domestic demand and fierce competition, job creation remained sluggish in September China’s youth unemployment rate edged down slightly in September as some graduates secured jobs, but young jobseekers still face a tough market as employers increasingly look beyond academic qualifications for candidates with relevant work experience. With around 12.7 million university graduates having entered the job market this year, a record high, the youth unemployment rate in August matched its level a year earlier, equalling its highest point since Beijing revised its calculation methodology in 2023 to exclude students. Weighed down by weak domestic demand and fierce competition, China’s job market remained sluggish last month.