Youth unemployment sets new record in China, rising to 21.3% in June

Talking about the world's largest economies, China's name comes second in this list. China's economy is the largest in the world after the United States of America. But the past few times have not been special for the world's second-largest economy. China's economy has been hit hard for the past few months. With the impact on the economy, it also becomes natural that it also affects the employment of the country. This has also happened. Due to the slow pace of the economy in China, unemployment has increased in the country. And talking about youth unemployment, a new record has been created in China in this matter.

Today itself a report has been released from China. In this report, the situation of youth unemployment in China has been told in the month of June and the situation of the last month is also very surprising. According to China's report, youth unemployment increased again in the month of June. Although the entire employment system in China is being affected, the youth are the most affected by it. According to the released report of China, the figure for youth unemployment in China increased to 21.3% in June. That is, last month there were 21.3% of youth in China who do not have a job. This is a record and a record that is worth worrying about.

According to the report, the youth unemployment figure in China was 20.4% in April and this was also a record. The figure increased to 20.8% from 20.4% in May. This figure increased to 21.3% in June. That is, youth unemployment is continuously increasing in China.

There are a few reasons why youth unemployment is on the rise in China. China's economy was severely affected by the wave of Corona epidemic in December last year and many jobs were also affected by it. Because of this, crores of youth had lost their jobs in China. Since then, China has recovered from the hit of Corona, but it still has an impact on many jobs, due to which the number of unemployed youth in China is increasing. Among them are youths of 16-24 years.

The weakening of domestic demand in China has also affected jobs. Because of this, many youths in China had to lose their jobs.