The latest official data from the Chinese Communist Party (CCP) shows that the unemployment rate among 16 to 24-year-old youth in urban areas, excluding students, was 15.3% in March, unchanged from the previous month; while the unemployment rate for 25 to 29-year-olds rose to 7.2%.
On April 18, the CCP National Bureau of Statistics website released data on the unemployment rate by age group for March, showing that the unemployment rate for 16 to 24-year-old youth in urban areas, excluding students, was 15.3% in March, the same as February; the unemployment rate for 25 to 29-year-old youth in urban areas, excluding students, was 7.2%, an increase of 0.8 percentage points from February (6.4%); and the unemployment rate for the 30 to 59-year-old group in urban areas, excluding students, was 4.1%, a decrease of 0.1 percentage points from February (4.2%).
However, the CCP’s official data often conceals unfavorable situations, and the actual data may be even worse.
On April 16, Sheng Laiyun, deputy director of the National Bureau of Statistics, admitted at a press conference that this year, 11.76 million university graduates entered the labor market, and judging from the situation in the first quarter, the youth unemployment rate has slightly increased, requiring close attention.
Since last year, the youth unemployment rate has repeatedly reached new highs, exceeding 20%. In July last year, the CCP authorities stopped publishing this data, and in December of the same year, they started disclosing the unemployment rate excluding students for the age groups of 16 to 24, 25 to 29, and 30 to 59.
Responsibility Editor: Sun Yun.