The unemployment rate for young people ages 16 to 24 in China has soared to record highs above 20% in May and April. Many requested anonymity since youth unemployment can be a sensitive topic in China, especially for those in the middle of a job search or just starting a career. watch nowThe unemployment rate for China's young people ages 16 to 24 climbed to a new record high in June of 21.3%. Youth unemployment has remained persistently high over the last three years, while the overall jobless rate for people in cities has officially stayed far lower, near 5%. Zhang expects the unemployment rate for young people to drop toward the end of the year, after the summer graduation season.

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Persons: Kevin Frayer, Zhang Chenggang, —, Zhang, Cheung, Caixin, Sun, “ Organizations: Getty, BEIJING, CNBC, Shanghai Jiao Tong University, Huawei, U.S . News, Capital University of Economics, Business, U.S . Bureau of Labor Statistics, Cheung Kong Graduate School of Business Locations: China, Shanghai, U.S, Beijing