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Jobless rate

Fading job prospects discourage younger Chinese workers

by Jennifer Pak
May 17, 2023
China's job market remains competitive as the economy recovers from zero-COVID. But some young people have lost their eagerness to compete.
Students at a job fair in Beijing last year. Unemployment among graduates has remained stubbornly high even though China has dismantled its zero-COVID policy.
Jade Gao/AFP via Getty Images
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COVID & Unemployment

Furloughs turning into permanent layoffs as pandemic drags on

by Kristin Schwab
Sep 8, 2020
Job losses are moving past lockdown-hit businesses to other sectors that were doing fine for a while.
Every month a worker is on temporary unemployment, they have about a 10% to 15% chance of transitioning to a permanent separation, according to one labor economist.
Spencer Platt/Getty Images
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