Youth unemployment in China ticked up to 17.1% in July, official figures showed, the highest level this year as the world’s second-largest economy faces mounting headwinds.
China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West.
Chinese Premier Li Qiang, who is responsible for economic policy, called Friday for struggling companies to be “heard” and “their difficulties truly addressed,” according to the state news agency Xinhua.
The unemployment rate among 16- to 24-year-olds released Friday by the National Bureau of Statistics (NBS) was up markedly from June’s 13.2%.
I guess I just assumed OP was in America since their retirement plan is a bullet to the head, which is a distinctly American joke since most other countries don’t seem to make retirement such an impossibility.