China’s youth unemployment rate excluding students at 14.5% in June, according to the National Bureau of Statistics

China’s youth unemployment rate excluding students at 14.5% in June, according to the National Bureau of Statistics

The Chinese State Council recently unveiled a comprehensive package of employment security measures aimed at addressing the country's high youth unemployment rate. The new policies, announced on July 10, 2025, are designed to stabilize employment, particularly among young individuals aged 16-24.

According to the State Council's notification, the measures include expanding the scope of special loan support for job security and strengthening cooperation between the government and banks. Additionally, the government plans to raise the ratio of corporate unemployment insurance stabilization refunds and temporarily suspend the payment of pension insurance, unemployment insurance, and industrial accident insurance for companies facing financial difficulties.

The Chinese government has also announced plans to expand the scope of social insurance subsidies, enabling companies to increase employment and enhance technical training by easing restrictions on the age of admission to technical schools. These measures are aimed at addressing the high youth unemployment rate, which stood at 14.9% as of May 2025 [1].

The youth unemployment rate in China has been a significant concern, with the National Bureau of Statistics reporting a rate of 14.5% in June 2025. This high rate is particularly concerning given the government's target of around 5% unemployment for 2024. The measures announced by the State Council are a direct response to this challenge, aiming to create a more stable and secure job market for young people.

Analysts have noted that these measures are crucial for achieving China's economic growth target of around 5% for 2025. By focusing on raising household income and stabilizing employment, the government hopes to revive the sluggish domestic economy.

In addition to the employment security measures, the Chinese government has been actively promoting high-quality economic development. This includes initiatives to expand digital health ecosystems and support technological advancements, as seen in Samsung Electronics' recent acquisition of Xealth [2].

Overall, the State Council's announcement signals a commitment to addressing the youth unemployment crisis in China. These measures are expected to have a significant impact on the country's labor market and contribute to the achievement of its economic growth targets.

References:
[1] https://www.mk.co.kr/en/world/11364486
[2] https://tradingeconomics.com/china/unemployment-rate