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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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.
Developing world too. It's fucked how there's no jobs or wealth for Gen Z globally. We as a society failed their generation so much.
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.