Young people said it has become more difficult to cover the costs of living in the current situation and therefore they have to go to neighbouring countries or farther away.
According to the most recent data from China's National Bureau of Statistics, the urban youth unemployment rate reached 20 per cent in April 2023 for the first time since statistics became available in January 2018, according to Greek City Times.
The country's top leader Xi Jinping is, however, telling the youth to stop thinking they are doing manual work or moving to the countryside. They should learn to "eat bitterness," Xi instructed, using a colloquial expression that means to endure hardships.
The statistics have been released just one month before another 11.6 million students will graduate from college and vocational schools and all set to enter the job market.
Mumbai (Maharashtra) [India], May 29: Digital and vocational skilling is typically the cornerstone of any economy. And although India is considered to be a hotbed of knowledge and skills, the vast majority of its youth lack what can be termed as the employability quotient. Many experts sa
As per Daily Dunya, the Jamaat-e-Islami chief said unemployment is common in Pakistan. Total of 11 crore people are forced to live below the poverty line, and seven crore youth are unemployed.
Taking to Twitter, Congress General Secretary Priyanka Gandhi Vadra alleged that the Central government dubbed problems like unemployment, and inflation as Amrit Kaal, and Sabka Vikas respectively.
In a series of tweets in Hindi, Congress claimed that people had to bear the brunt of inflation, unemployment and dictatorial decisions in these nine years.
Notably, nearly 12 million Chinese expected to enter the job pool in June at a difficult time. One in five Chinese graduates are jobless, the highest level since China started announcing such statistics in 2018, reported The Straits Times.
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.