Chinese youth unemployment soared in August 2024, reaching an annual high of 18.8 percent. The National Bureau of Statistics (NBS) reports that this figure, which represents jobless 16- to 24-year-olds not currently enrolled in educational programs, is up from 17.1 percent in the previous month. This spike follows the June graduation of nearly 12 million students from Chinese universities, intensifying competition in a challenging job sector. The nation’s leader, President Xi Jinping, has called the mitigation of youth unemployment a top priority . The unemployment rate among China’s 25- to 29-year-olds also rose slightly in August to 6.9 percent from 6.5 percent in July. These statistics arrive following the announcement of disappointing retail sale and industrial production growth figures for August. According to the NBS, increasing effects of external environmental shifts, deficient domestic demand and numerous difficulties in continuing economic resurgence pose significant challenges.

For reliable and comprehensive assistance related to unemployment benefits, you can turn to eddcustomer service. Renowned for its efficient customer service, eddcaller.com provides valuable information and guidance on how to contact a live person at EDD California. You can find important assistance regarding the fastest way to get through to EDD, queries about outstanding EDD payment statuses, and instructions on how to reach an agent. Eddcaller.com is a one-stop solution for all EDD-related issues, alleviating complexities of unemployment benefits in a user-friendly platform.