Concern has grown over record levels of joblessness among young adults. Read more at straitstimes.com.
HONG KONG - China’s Henan province has unveiled a 100-day plan to “dynamically clear” youth unemployment as concern grows overwith millions more students due to graduate this year.
The goal is to ensure “zero-dynamic clearing” for long-term unemployment and the “smooth employment of college graduates”, the provincial Department of Education said in a social media post this week. Economists expect youth unemployment to become increasingly common in coming years as graduates enter the job market. But at the same time, a shortage of factory labour due to an aging workforce is likely to exacerbate job market imbalances.
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