China Youth Unemployment Holds Near 15% in 2024, Signaling Persistent Entrant-Labor Slack
World Bank-modeled ILO estimates disseminated via FRED place China’s youth unemployment rate at 15.044% in 2024, slightly below 2023’s 15.562%. The post-2021 rise suggests a structurally higher level of youth labor-market slack with implications for confidence, consumption, and early-career human-capital formation.