China jobs: rise in youth unemployment belies surprising economic growth, as ‘weak confidence remains’
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
As the jobless rate among those aged 16-24 hit 19.6 per cent in March, analysts say the lack of a strong labour market makes China’s consumers hesitant to spend, creating a ‘chicken-and-egg situation’ with slow organic job growth.