After a gap of 6 months, China has resumed the publication of its youth unemployment rate, reporting a decrease to 14.9% in December from a record high of approximately 20% last summer. The National Bureau of Statistics (NBS) spent months revising the methodology used to calculate the figure, which had peaked at 21.3%. Despite the release of the new data, the NBS remains vague on the details of the changes to the methodology, and historical data has not been updated to reflect the new approach. Some economists have expressed skepticism towards the revised rate, with criticism over the lack of transparency and suggestions that the actual unemployment rate could be significantly higher than reported, leading some to ignore the new figure.
China decided to resume publishing its youth unemployment "data" and the result is, predictably, a grotesque tragicomedy The real number is double the reported one https://t.co/0qbGxIBk5G
After going dark for months, China has finally released a revised youth unemployment rate. Spoiler alert: It is lower. @yifanxie @wsj_douglasj https://t.co/YLsQ5Yngrl https://t.co/YLsQ5Yngrl
China Has a New Youth Jobless Rate. Some Economists Are Ignoring It. - WSJ https://t.co/Fb7HP0hHy9
China resumes releasing youth unemployment data, with new methodology. Shocker, it's now much lower than the figures that caused concern last year. NBS still vague on details of new (and old) methodology; hasn't updated historic data with new methodology. https://t.co/inYloz2mig https://t.co/ISVo8xl29e
China has finally released a revised youth unemployment rate. Spoiler alert: It’s lower. https://t.co/he6sy59CbZ https://t.co/he6sy59CbZ
China Releases Youth Unemployment Data After Gap Of 6 Months, With Rosier Number https://t.co/uW79jDyVcE https://t.co/EU0ky2ZUjc
China said its youth unemployment rate improved in December after policymakers spent months tweaking their methodology on the figure that hit a record high of about 20% last summer. https://t.co/kTxwkhkNb1
"China resumed releasing the youth unemployment rate, saying it improved to 14.9% in December after spending months tweaking the methodology on the figure that hit a record 21.3% last summer." https://t.co/G05xDjCZwV via @business