Year: 2024
Type: article
Abstract: With the continuous restructuring of China’s industrial structure since the reform and opening up, China’s youth unemployment rate has shown a rapid growth trend in recent years, and the Chinese government has ceased to officially publish this data as of June 2023. Through the analysis of the data, it is found that the continuous rapid growth of unemployment rate in China in recent years is caused by a number of factors such as China’s economic transformation, imbalance between supply and demand in the labor market, epidemics, and brain drain. Among these reasons, the difficulty of young people with low educational attainment in finding suitable jobs should be the direct cause of the increase in unemployment, while the imbalance between supply and demand in the labour market should be the root cause. Combined with the analysis of data and special cases, the author predicts that China’s youth unemployment rate will continue to rise in the next five years, and at the same time puts forward a number of feasible solutions to solve the problem from different perspectives.
DOI: 10.61173/nmxjg179
Author: Yanxiang Qiu
Institution: Central University of Finance and Economics
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405954500