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China Suspends Release Of Youth Unemployment Rates As Economic Data Disappoints
China on Tuesday said it would suspend the release of youth unemployment rates, as its central bank cut a key interest rate to boost flagging growth. A slew of disappointing figures in recent months has reflected a slump as China's post-Covid rebound fades, with youth unemployment hitting a record 21.3 percent in June. The National Bureau of Statistics on Tuesday said it would no longer release age group-specific unemployment data starting this month, citing the need to "further improve and optimize labour force survey statistics". "Starting from this August, the release of urban unemployment rates for youth and other ... (full story)