In China, youth unemployment has hit a new record high as the country's post-pandemic recovery faltered.<br />'' <br />''According to official figures, the jobless rate of 16 to 24-year-olds in urban areas rose to 21.3 percent last month.<br />'' <br />''It comes as the world's second-largest economy grew just 0.8 percent in the three months to the end of June.<br />'' <br />''Global demand for Chinese goods has fallen significantly. There are also concerns over ballooning local government debt and the housing market.<br />''<br />''<br />''<span style="color: #222222;">China started publishing youth unemployment figures in 2018. However, it does not currently release data on the employment status of young people in rural areas.</span><br />