China Reports Steady Youth Unemployment as Data Paints Mixed Economic Picture

China’s youth unemployment rate remained steady in March, indicating that the country’s economy may be gradually stabilizing. The jobless rate among China’s 16- to 24-year-olds, excluding students, remained at 15.3% last month, the same as in February. Overall headline unemployment stood at 5.2% in March, slightly decreasing from the previous month’s 5.3%. This suggests some positive signs for the world’s second-largest economy.