China’s youth jobless rate edges down in June for third consecutive month

China’s urban youth unemployment rate inched down in June, marking three straight months of decline, though the country’s labour market remains saddled with headwinds as soft demand persists and graduation season approaches. The jobless rate for the 16-24 age bracket, excluding students, fell to 14.9 per cent in June, a monthly drop of 0.7 percentage points, according to China’s National Bureau of Statistics (NBS). This cooling in youth unemployment helped push the overall urban jobless rate...