China’s youth unemployment will likely stay elevated this year due to a lingering mismatch, according to the Economist Intelligence Unit. It explained the sheer number of new graduates, who often target hot manufacturing sectors, far outstrips jobs — the majority of which are still focused in the lower-skilled sectors. Even though unemployment among China’s young people should dissipate starting next year — when the country’s working-age population declines – the effects of high youth unemployment will remain long after that, the consultancy added. “Despite the upturn in China’s labor market as a whole, the biggest ... (full story)