Chinas young people can’t find jobs. Xi Jinping says to “Eat Bitterness.”

[F-22Raptor]

https://twitter.com/x/status/1663688757235548162

 

[renhai]

FBI: You better not talk about the debt crisis!

 

[kankan326]

20% China mainland young people are unemployed. Taiwan media said 27% young people in Taiwan are unemployed. I don't know the data in US. But I believe it is definitely bigger than 20%

 

[Hamartia Antidote]

20% China mainland young people are unemployed. Taiwan media said 27% young people in Taiwan are unemployed. I don't know the data in US. But I believe it is definitely bigger than 20%

unemployment in general is low

Unemployment rate 3.4 percent in April 2023 : The Economics Daily: U.S. Bureau of Labor Statistics

The unemployment rate was little changed in April 2023, at 3.4 percent. April marked the second month since May 1969 where the unemployment rate was below 3.5 percent, along with January 2023.

www.bls.gov

https://twitter.com/x/status/1663688757235548162

I guess we should expect more Chinese swimming to our shores in desperation.

 

[dbc]

20% China mainland young people are unemployed. Taiwan media said 27% young people in Taiwan are unemployed. I don't know the data in US. But I believe it is definitely bigger than 20%

it's 100% in the US please tell your comrades to stay in China.

 

[kankan326]

unemployment in general is low

Unemployment rate 3.4 percent in April 2023 : The Economics Daily: U.S. Bureau of Labor Statistics

The unemployment rate was little changed in April 2023, at 3.4 percent. April marked the second month since May 1969 where the unemployment rate was below 3.5 percent, along with January 2023.

www.bls.gov

1. General unemployment can not reflect young people unemployment. China's general unemployment is 4%
2. The data of US unempolyment rate is not reliable. Only those who want to work and are looking for job are counted.

 

[Hamartia Antidote]

1. General unemployment can not reflect young people unemployment. China's general unemployment is 4%

only 5.2 apparently

Opinion | Without a thriving private economy, China’s young workers have no jobs

While China’s latest youth unemployment rate is comparable to global figures, it is particularly concerning given the country’s unique demographic structure.

www.scmp.com

China must protect its private economy to solve its youth unemployment crisis​

China’s youth unemployment problem is getting worse. The latest numbers showed that the jobless rate for people aged between 16 and 24 is over 20 per cent – far higher than the national average of 5.2 per cent.

Those born between 1999 and 2007 in China are almost exclusively single children, thanks to the country’s ruthless one-child policy that was still in force at the time. The only young person in the house being unemployed would be a difficult situation for many families.

 

[F-22Raptor]

20% China mainland young people are unemployed. Taiwan media said 27% young people in Taiwan are unemployed. I don't know the data in US. But I believe it is definitely bigger than 20%

16-19yo- 9.2%

20-24- 5.4%

25-34- 3.8%

Page 21

https://www.bls.gov/news.release/pdf/empsit.pdf

 

[dbc]

1. General unemployment can not reflect young people unemployment. China's general unemployment is 4%
2. The data of US unempolyment rate is not reliable. Only those who want to work and are looking for job are counted.

it's the same as China, anyone not actively seeking employment is not counted, in the US it's four weeks in China it's three months. The big difference is in China migrant workers and the self employed are not included in the count.

 

[kankan326]

it's the same as China, anyone not actively seeking employment is not counted, in the US it's four weeks in China it's three months. The big difference is in China migrant workers and the self employed are not included in the count.

The rate of unwilling to work people is different. US is bigger than China. In China young people are despised if he/she doesn't work.

 

[dbc]

The rate of unwilling to work people is different. US is bigger than China. In China young people are despised if he/she doesn't work.

where is this horde of the willingly unemployed? Those that don't want to work are supported by family, partners or friends. Either that or they have the luxury of supporting themselves without working. The US is not a welfare state, if you don't have money you don't survive.

 

[kankan326]

where is this horde of the willingly unemployed? Those that don't want to work are supported by family, partners or friends. Either that or they have the luxury of supporting themselves without working. The US is not a welfare state, if you don't have money you don't survive.

You can easily find groups of jobless young people wandering in streets in US. Which is rarely seen in China's cities.

 

[OIO]

https://twitter.com/x/status/1663688757235548162

There are plenty of job opportunities, but these young people only want to sit in an office. Especially liberal arts students, the government should not train so many liberal arts students.

 

[Han Patriot]

16-19yo- 9.2%

20-24- 5.4%

25-34- 3.8%

Page 21

https://www.bls.gov/news.release/pdf/empsit.pdf

My yard has trouble finding young workers to be welders. 10 positions paying 1500 usd$ decent by Chinese standards. NOBODY CAME.

Guangdong had to even import workers from Vietnam and Yunnan from Myanmar. It is not that there are no jobs, it's the people not wanting to work hard jobs. Hence the word 'eat and some bitterness and gain experience'.

 

[wildlens]

Modi and Xi can make Karela Pakode