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Investing.com -- The rate of unemployment among young individuals in urban areas of China saw a decrease in March, following an increase over the previous two months.
This change comes as the Chinese leadership commits to improving employment opportunities for the youth.
The National Bureau of Statistics (NBS) data indicates a slight dip in the jobless rate among urban 16-to-24-year-olds, excluding students, to 16.5% in March, down from 16.9% in February.
Similarly, the unemployment rate for those aged 25-29 decreased to 7.2% from 7.3%, while the rate for those aged 30-59 fell to 4.1% from 4.3%.
The nationwide survey-based urban unemployment rate in China was recorded at 5.2% in March, compared to a two-year high of 5.4% in the previous month.
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