Unemployment Rate Falls, Still High in Young Groups
Time:2024-05-22 09:50:41 Source:businessViews(143)
- Home
- News
- People
- In-depth
- ACWF
Unemployment Rate Falls, Still High in Young Groups
ByWang Xiaoyu August 16, 2022China's overall unemployment rate continued to drop last month, but remained higher than the same period last year and the numbers of unemployed among the young were of particular concern, an official said on Monday.
Fu Linghui, spokesman for the National Bureau of Statistics, said that the surveyed urban unemployment rate stood at 5.4 percent in July, down by 0.1 of a percentage point from the previous month.
A total of 7.83 million new urban jobs were created between January and July, he said during a news conference held by the State Council Information Office.
The surveyed urban unemployment rate among those aged 25 to 59 — the majority of the labor market — went down by 0.2 percentage points to 4.3 percent in July.
"The rate is nearing that of the same period of last year, signifying that the overall job market is stable," he said.
For rural migrant workers, the surveyed unemployment rate was 5.1 percent in July, down by 0.2 percentage points from the previous month.
Fu said the continuing downward trend can be attributed to measures targeted at helping migrant workers find jobs and quick recovery of the economy following COVID-19 outbreaks in April.
"With an easing epidemic situation, the surveyed unemployment rate in 31 major cities was 5.6 percent in July, down by 0.2 percentage points from June," he added.
However, employment pressure on young people continued to rise last month, with the surveyed unemployment rate in July for people aged 16 to 24 growing by 0.6 percentage points to 19.9 percent.
"July is graduation season, and the large number of new graduates entering the job market increased the unemployment rate," he said.
"Enterprises, especially those in the service sector that cater to many young people, were hit by domestic outbreaks, and thus encountered difficulties and were unable to provide more job positions."
He added that the preference among young job seekers for stable positions has also created a chasm between expectations and reality, further impacting the unemployment rate.
Even as China tries to overcome the negative impacts of domestic COVID-19 outbreaks, Fu reassured that the urban unemployment had peaked and is expected to further reduce and stabilize in the future.
"The pressure on the labor market is still great, and we will continue to implement a variety of measures to stabilize employment," he said.
(Source: chinadaily.com.cn)
32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.
Comments
Magazines
Projects
- 2023 Women Science and Technology Innovation Pioneer...
Photos
- People Enjoy Blooming Tulips in Jinan, East...
- Flowers Bloom Across China in Spring
Special Coverage
Previous:Syrian first lady Asma Assad diagnosed with leukemia, president's office says
Next:Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
You may also like
- Syrian first lady Asma Assad diagnosed with leukemia, president's office says
- Chinese economy sustains recovery momentum, makes notable progress in Q1
- Death toll from 4 days of rains rises to 63 in Pakistan with more rain on the forecast
- Guerrero has 2 RBIs as Blue Jays win 5
- Politically motivated crimes in Germany reached their highest level in 2023 since tracking began
- The Latest
- Danny Dyer horrified to learn son Arty, nine, is a fan of controversial influencer and self
- China's industrial output up 6.1 pct in Q1
- Poland arrests sabotage suspects and warns of potential hostile acts by Russia