Youth Unemployment in China Rises to Record High in May

China youth unemployment rises to record 20.8% in May: official data AFP June 15, 2023 6:14 am China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy’s post-Covid growth spurt fades. The unemployment rate for Chinese between the ages of 16 and 24 rose to 20.8 percent, up from what was already a record 20.4 percent in April, the National Bureau of Statistics said. Overall urban unemployment remained at 5.2 percent, the NBS said in a statement. Meanwhile, industrial production rose 3.5 percent in May, down from 5.6…