China's Youth Unemployment Crisis

Rising Unemployment

China's youth unemployment rate has reached a record high of 21.3% in June 2023.

This is the highest level of youth unemployment in decades.

The new cohort of graduates has contributed to the surge in unemployment.

Consequences of Zero-COVID Policy

The zero-COVID policy has led to a slowdown in the Chinese economy.

Nearly 20% of those under 24 are unemployed.

This employment crisis is embarrassing to the Chinese government.

Social Media Trend

In response to the high unemployment, recent graduates have started a trend on social media.

They are posting photos of themselves holding signs that say, "I am unemployed."

This trend has gained a lot of attention and has put pressure on the government to address the issue.

Diplomas Not Guaranteeing Jobs

A university diploma used to guarantee a good job in China.

However, this is no longer the case.

Even graduates from top universities are struggling to find jobs.

What's Next?

It is unclear what the future holds for China's youth unemployment crisis.

The government is under pressure to address the problem.

However, it is uncertain if they will be able to do so quickly or effectively.