Chinese Senior Official: "Youth Employment Stability... Continuous Improvement"

The Chinese minister in charge of labor claimed that "employment for college graduates and other young people is basically stable and continuously improving."

[Image source=Yonhap News]

On the 6th (local time), Wang Xiaoping, Minister of the Ministry of Human Resources and Social Security of China, stated in an interview with the state-run Xinhua News Agency that "the urban unemployment rate as of the end of September was 5%, which is lower compared to the same period in 2019."

Minister Wang also said that from January to September, 10.22 million new jobs were created in cities nationwide, achieving 85% of this year's annual target of 12 million jobs. He emphasized that the number of "rural labor working outside their hometowns" has also continuously increased, leading to income growth for 32.97 million people living in poverty.

He highlighted that the continuous recovery of China's economic growth rate and employment support policies, including the payment of employment and entrepreneurship subsidies exceeding 200 billion yuan (35.6 trillion won), have been effective. He also stressed that the total number of participants in vocational skills training has exceeded 13 million.

However, Minister Wang did not disclose the youth unemployment rate, which is an indicator of whether youth employment is improving. China's youth (ages 16?24) unemployment rate reached a record high of 21.3% in June and has not been publicly released since the July unemployment rate.

This content was produced with the assistance of AI translation services.