>Officially, the unemployment rate in Chinese cities was 5.1% in December. While that is higher than the U.S. unemployment rate of 3.7%, it is still relatively

>Officially, the unemployment rate in Chinese cities was 5.1% in December. While that is higher than the U.S. unemployment rate of 3.7%, it is still relatively low, and better than the full-year average rate of 5.6% in 2022. π.However, economists have long raised questions about China’s official unemployment report, which only covers urban dwellers, and counts anyone who works an hour or more in a week as fully employed. Even assuming they are accurate with these caveats regarding minimum work and exclusion of rural work it's amazing any media even sites any unemployment statistics from China. If there are doubts raised in media reports it's usually extremely mild. And then there's this : >"Last summer, the government said youth unemployment for people aged 16 to 24 hit a record of 21.3%, then stopped releasing the numbers, saying they needed to improve the methodology. Officials came back with a new youth unemployment rate of 14.9% in December, but economists voiced skepticism about its accuracy. "