China suspends youth jobless data after record high readings
China suspends youth jobless data after record high readings
China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy.
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No, every student should have three jobs and a mortgage. Anything else proves the economy is in shambles!
Just publish two numbers that includes / excludes students?
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It gets even more reasonable if you read the full quote from Fu Linghui, which Reuters decided to omit..
Not sure if you read it already, but you're absolutely right
"The college students put their focus on gaining knowledge at campuses while the public holds different opinions on whether we should include these college students in employment analysis before their graduation. Also, we need research to extend the age period of defining 'youths' as the young people are now having longer schooling years," he added.
2023-08-15 NBS suspends release of youth unemployment rate - China Daily
Go back to Hexbear, we don't want your soulless, authoritarian propaganda.
I hate this bullshit me versus them attitude everybody's bringing over from Reddit.
Did you stop to consider that just because somebody is a member of an instance doesn't necessarily mean they are part of the issues with the instance. I didn't go stalk this users comments or posts but it seems egregious to just see 'hexbear' and assume that user is on par with your concerns.
I'm part of lemmy.zip, which as I understand it, has a lot more trans folks than other instances. Does that make me trans? Yes: by your bullshit preliminary assumption policy. Meanwhile, I'm not.
Modern problems require modern solutions. They deleted the data. Now unemployment disappeared. Also the people who posted the data.
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I think it's a bit silly to suggest that the Chinese government killed a bunch of statisticians at the National Bureau of Statistics for publishing this data that's actually not as bad as you might in English language news sources.
That was a joke. I know China is not exactly like what the english news channel portrays.
Nooo they wouldn't do that¡ Didn't people say here that the numbers are western fabrications
The new numbers will be the best numbers ever
Literally 1984 (no really, that's in the book)
Ministry of Truth has the best numbers
"In recent years, the number of university students has continued to expand," Fu said. "The main responsibility of current students is studying. Society has different views on whether students looking for jobs before graduation should be included in labour force surveys and statistics."
This issue, as well as the definition of the age range currently set at 16-24, "needs further research," Fu said.
This is not only completely and utterly reasonable and rational, but this is also a really pleasing amount of transparency in explaining their decision making process
They should just do the same as Hungary: only count the "jobseekers", and disregard people from that list if they can't secure a job for too long. (Did happen to me in Hungary, except I was registered as a participant of the government humiliating "public employment" program, except I neither got the 8 hour job, nor the half the minimum wage.)
Hey come to Australia, you’re qualified to be given the same shit show here as well.
Oh and can’t forget some good ol’ disregard for the underemployed.
And they outsourced the employment offices, so all these dodgy companies get massive grants to help you look for work, which they don’t. As soon as you find work, entirely on your own effort, time, and money, they ring you and ask for details so they can claim they did it to secure some shitty bonus no doubt.
Sounds like the youth in Australia should start private unemployment offices…
Jokes aside, it’s sort of amazing how fucked Gen Z is across the globe in every aspect of their lives if they don’t have generational wealth to live off of.
Employment, housing, climate, it’s affecting Gen Z in almost every “developed” country irrespective of their political structure or beliefs. Millennials already had it bad compared to previous generations, but Gen Z has it 100x worse.
That’s literally how the US does it. If you include all the people who gave up and left the workforce, as well as all the unhoused people who are also purposefully excluded from unemployment rolls, suddenly we don’t have the “record low unemployment” they keep claiming we have.
This is the best summary I could come up with:
BEIJING, Aug 15 (Reuters) - China's statistics bureau said on Tuesday it had suspended publication of youth jobless data, citing the need to improve methodology in the way it measured unemployment among young people, which has hit record highs in recent months.
The decision announced shortly after the release of weaker-than-expected factory and retail sales data sparked a rare backlash on social media amid growing frustration about employment prospects in the country.
Young Chinese are facing their toughest summer job-hunting season after regulatory clamp-downs in recent years left traditional sources of graduate employment -- including the property, tech and education sectors -- bruised.
The most recent NBS data on youth unemployment, published last month, showed the jobless rate jumping to a record high of 21.3% in June.
The NBS's decision was immediately mocked on Chinese social media, with a related hashtag receiving over 10 million views on microblogging site Weibo.
A Chinese professor last month said the country's true youth jobless rate may have been closer to 50% in March, in rare public comments about the matter published in an article for financial magazine Caixin.
I'm a bot and I'm open source!
Turns out having dictators run your country is bad for the economy
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It is though. You can look at so many measures from perception of democracy among the citizens, the degree to which power is devolved to the local level most answerable to the community, and the turnover of elected officials being far higher than western democracies which usually feature politicians with what amounts to lifelong tenure.
People actually think China is still run the way it was back in the 1960s because their world view is formed from memes. It’s a democracy and a more vibrant one than what we usually see in the west.
But someone will reply to this with a meme about social credit without realizing they don’t earn Reddit gold here.
The US government is structured such that, although it operates as a democracy, you don't feel like you have that much control over how the government operates.
The US wants to invade Iraq? Alrighty then. California wants to dump $100 billion into a single rail line? Sure. Boston wants to defund transit until it literally catches on fire? Why not. Across every level of government, you're sort of left wondering who they're listening to.
I have a bunch of lemmygrad and hexbear accounts blocked so I can't see the other replies to your comment but I bet it's a whataboutism against the US, isn't it?
Edit: lmao the downvotes tell me, yes, it's just whataboutism against the US because that's all they ever have to offer.
how to fix unemployment with this simple trick