2022.06 Global Times:China’s labor market improves in May; new measures to tackle youth unemployment
Overall, China's jobless rate remains relatively low compared with some Western economies like the EU, as the Chinese government's ramped-up efforts to stabilize the employment market and Chinese people's high savings rate mean that the short-term jump in the youth jobless rate is unlikely to add much pressure to the economy, analysts of iiMedia Research Institute, told the Global Times.