China’s youth unemployment crisis could dent world’s second-biggest economy ...Middle East

ERShares CEO Joel Shulman reacts to Apple and Amazon’s market performance and earnings and previews the July jobs report.  China’s inability to cope with increasing youth unemployment amid a growing number of graduates and shrinking number of jobs could create serious problems in the second-largest economy in the world.  The unemployment figure for people ages 16 to 24 years old rose from 15.3% in 2022 to a staggering 21.3% in June, marking a 25% jump in the figure, according to data from China – a record high that prompted Beijing to stop releasing further figures. The country’s National Bureau of Statistics claimed that it needed to reconsider the method of calcul

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