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The youth unemployment rate in China hit a record high in June as the economy struggled to grow. The government warned the jobs market may get even worse in the months ahead.
The jobless rate rose to 21.3 percent in June, up from 20.8 percent in May. June was the third consecutive month of unemployment above 20 percent for people aged 16 to 24.
A spokesman for the government said the unemployment rate was likely to rise even higher next month as new graduates start looking for work. Nearly 12 million students are expected to graduate from colleges and universities this year. What’s more, many young people who took temporary internships and university research positions created during the pandemic to support employment are due to enter the job market this year.
