China's Youth Unemployment Rate Stands at 14.9%, Concerning Officials
• China's youth unemployment rate stands at 14.9% for December 2022, for the 16-24 age group excluding students • The jobless rate for 16-24 year olds peaked at 21.3% in June 2022 before release was suspended • Over 60% of China's urban 16-24 year olds are students not looking for jobs; the rate aims to reflect non-students • China added back the 25-29 age unemployment rate to better show recent graduates' job situations • High youth unemployment could slow China's growth and pressure social stability, a top concern for government