Mainland youth unemployment rate 13.1% Hong Kong unemployment rate hits 17-year high

Two days ago, the mainland media reported a story about a 27-year-old guy working in Hangzhou who, because he felt he was “unsuccessful”, took a shovel to a cemetery and tried to bury himself alive, but fortunately he was saved.

A phenomenon worthy of attention is that there are actually many young netizens in the microblogging message, expressing the same “do not want to live” idea. Some people lamented that they are now “too tired to live” and “this era is too difficult”. Others said that they “don’t even have the ability to perceive happiness anymore.”

This may be the real emotions of some mainland compatriots when they are relieved of the burden of “patriotism”.

The day is not easy. On Monday (15), the National Bureau of Statistics of the Communist Party of China (NBSC) released data showing that in February this year, the unemployment rate of young people aged 16 to 24 on the mainland reached 13.1 percent, much higher than the national urban unemployment rate of 5.5 percent.

The unemployment rate for young people in February was the same as in the first quarter of last year, but the first quarter of last year was when the Communist Party’s virus Epidemic was raging and mainland cities were largely sealed off and people had to stay at Home.

We would like to remind everyone that this is the data taken out by the CCP without third-party supervision, and we simply cannot know the real unemployment situation on the mainland. But even such data can reflect that the employment situation of young people in the mainland is very serious this year.

In this case, official figures from the Chinese Communist Party show that 9.09 million more college graduates will enter the workforce this year, much higher than last year’s 8.74 million. Chinese Premier Li Keqiang also admitted at this year’s two sessions that there is increasing pressure to ensure people find jobs.

Commentator Wen Xiaogang argues that the large number of unemployed young people shows that the mainland’s economic recovery data is falsified. If the economy has recovered to pre-plague levels, then employment should also recover to pre-plague levels, or at least there should not be such a big gap. And the current unemployment data is the same as last year when the city was closed by the plague, which means that the current state of the mainland economy and the start of work is not much different from last year when the city was closed.

Meanwhile, the Hong Kong Census and Statistics Department announced today that the unemployment rate in Hong Kong has worsened to 7.2% from December last year to February this year, reaching a 17-year high. According to a poll released today by the Public Opinion Programme, the approval rate of Chief Executive Carrie Lam has dropped to 18%, while the disapproval rate is as high as 72%.