US job openings fall to 7.08 million in August, below forecasts

China Youth Unemployment Hits Record 18.9%

China’s urban youth unemployment rose to 18.9% in August, the highest since the current methodology began, as 16–24-year-olds face a tight job market amid a record 12.7 million graduates entering the workforce; the broader urban unemployment rate also edged up to 5.3% as the economy slows. Officials say the youth spike is largely seasonal and should ease in the coming months, though the sustained pressure on new graduates highlights persistent challenges in absorbing young talent.

U.S. Jobless Claims Fall to 196,000, Lowest Since July