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

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