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As I see itChina should release more information about youth unemployment, not less
- The National Bureau of Statistics says it will stop publishing monthly rate to improve the way it is calculated
- But with youth joblessness at record highs, transparency would help policymaking and win public trust
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There has been a public outcry over China’s move to stop publishing monthly youth unemployment figures.
National Bureau of Statistics spokesman Fu Linghui on Tuesday said the release of the data would be suspended from August as the way the jobless rate was calculated needed to be improved to reflect the changing society.
He said there were 65 million students in the 16-24 age group and it was questionable whether they should be included in the unemployment figures before they graduated.
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Fu also said that many young people were continuing their education for longer – even beyond the age of 24 – and that the ages “youth unemployment” should cover needed to be reviewed.
Many internet users were not convinced and questioned whether the move was an effort to sweep weak jobs data under the carpet.
In the past few months, youth unemployment in China has hit record highs. It was 21.3 per cent in June, 20.8 per cent in May and 20.4 per cent in April.
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