China's national unemployment rate was reported at 5.0% in June 2025 and 5.1% in July 2025.
Unemployment rate for youth (16- to 24-year-olds) in China ticked up to 17.8% in July . The US youth unemployment rate in the U.S. was 10.8 percent in July 2025.
Sure, and their real estate sector is shaky, their domestic investment model (and their foreign policy wrt trade and subsidy) has some real sustainability questions, it's not perfect but they're absolutely blitzing. Even if the growth plateaued now they'd eclipse the western world for the next century easily.
That's not any worse than big chunks of Europe. Surprisingly, it turns out that in a country with a strong social safety net, unemployment tends to run a tad higher than in places where if you don't work, you starve.
