Unemployment engulfs key Chinese age group as AI use spreads
- Apr 25
- 1 min read
BLOOMBERG — Unemployment increased in nearly every pocket of the labor market in March, reaching close to 17% for those aged 16 to 24. The overall jobless rate climbed to 5.4%, the highest in a year, and went up for 31 big cities.
But the 25-to-29 cohort stands out for being more vulnerable to the potential shock from AI on the labor market. It’s a group that was traditionally appealing for employers, encompassing new job entrants transitioning from school to work.
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