“The Chinese central bank’s Employment Sentiment Index – a survey of 20,000 households’ employment outlook – plummeted to 35.4 in the third quarter – its lowest level since the index was launched in 2010, according to a Sunday report published by the People’s Bank of China.
Around 42% of households reported that finding a job had been “tough” or “hard to judge,” while just 9.7% of those asked said it was ‘easy’ to find work.”
Analyst Comment: It’s not just Western nations facing economic headwinds: China has major issues on the horizon.