Unemployment Engulfs Key Chinese Age Group as AI Use Spreads [Yahoo! Finance Canada]
Citigroup, Inc. (C)
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Source: Yahoo! Finance Canada
amplified spillovers from the war in Iran while wider use of artificial intelligence raises risks for employment. Most Read from Bloomberg The latest batch of official statistics this week revealed the jobless rate climbed to 7.7% in March for 25- to 29-year-olds. That's up from 7.2% a year ago and the highest since the National Bureau of Statistics revamped its employment data more than two years ago, when it also started to treat that age group as a separate category. The data adds to signs of growing distress in China's labor force of over 700 million — the world's biggest — after overall unemployment saw a surprise uptick last month and wage incomes expanded at their slowest rate since late 2022. Though pressure on jobs typically increases around the Lunar New Year, and the holiday's later-than-usual timing this year may have worsened the pain in March, other factors are increasingly coming into play. The conflict in the Middle East, now in its eighth week, has caused a ma
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Earnings
- 4/15/26 - Beat
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- 4/23/26 - Form 424B2
- 4/23/26 - Form 424B2
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