Covid-19 drives millions of people out of jobs in Q2: GSO

Jul 7th at 08:30
07-07-2021 08:30:11+07:00

Covid-19 drives millions of people out of jobs in Q2: GSO

The outlook for the labor market remains grim as the number of employed people continues to decline in the second quarter.

The serious nature of the fourth Covid-19 outbreak in Vietnam has again dealt a huge blow to the labor market as nearly 1.2 million people were suspended from working in the second quarter, an increase of over 87,000 against the previous quarter.
Workers at Garment 10 Company. Photo: Thanh Hai

Head of the Department of Population and Labor Statistics under the General Statistics Office (GSO) Pham Hoai Nam revealed the information at a press conference held on July 6.

“The outlook for the labor market remains grim as the number of employed people continues to decline in the second quarter, while more people remain idle or work in the informal sector,” Nam said.

“People at the working group age of 15-24 that lost their jobs in the April-June period stood at 389,800, accounting for 31.8% of the total,” he added.

According to Nam, the number of people of the working-age from 15 and above in the second quarter was 51.1 million, up 44,700 against the previous quarter and 1.7 million year-on-year.

In this context, the number of employed workers was 49.9 million, down 65,000 against the first quarter and up 1.8 million year-on-year.

Meanwhile, people remaining idle were 1.1 million, representing an increase of 173,500 year-on-year.

“The rate of idle workers in the urban areas was 2.8%, higher than in rural area at 2.49%,” Nam said, saying this is different compared to the past when jobs were hard to find in rural areas than in other parts of the country.

Due to the pandemic, Nam said the income of workers in almost all economic sectors has diminished compared to the previous quarter, referring to the average number of VND6.1 million (US$265) per month, down VND226,000 (US$10) from the first quarter.

Among sectors, those working in the industry and construction sectors took the biggest hit with a decline of VND464,000 ($20) to VND6.7 million ($290) per month, followed by workers in the services sector with VND7.2 million ($312.4), down VND291,000 ($13).

To address issues facing the labor market, the GSO’s representative called for government agencies to speed up vaccination programs, with priority given to workers in industrial parks to avoid disruption to the value chains.

“It is imperative for the authorities to ensure efficient implementation of government’s social relief package, including financial support for people under unpaid leave, contract termination or to retrain workers,” Nam said.

Hanoi Times





NEWS SAME CATEGORY

Prospects of medium, long-term FDI attraction looking up

The prospect of attracting foreign direct investment (FDI) in Vietnam in the medium and long term is bright. However, Vietnam needs appropriate laws and policies to...

Companies aware of psychological effects of work from home, focus on work-life balance

The staff at Vero, a PR agency in HCM City, thought the new creative director was fun as he rapped at his welcome party.

Covid shuts HCMC’s biggest wholesale market

HCMC’s biggest wholesale market, Binh Dien, which has a growing number of Covid-19 cases linked to it, will shut down on Tuesday.

Investors warned about AI multilevel marketing schemes

Multilevel marketing schemes (MLMs) calling for investment in artificial intelligence (AI) robots said to be capable of making money on their own are illegal...

Trade deficit nears $1.5 bln

Vietnam had a H1 2021 trade deficit of $1.47 billion, compared with a surplus of $5.86 billion in the same period last year.

Disbursement of public investment must be sped up in H2

The disbursement of public investment must be sped up in the second half of this year as an important solution to accelerate economic growth amid the COVID-19...

More efforts needed for Vietnam firms to take advantage of UKVFTA

The challenges for local firms would be to utilize preferential treatment and complying with commitments set out in the UK-Vietnam Free Trade Agreement (UKVFTA).

Most businesses seek human resources upgrade: survey

Seventy percent of businesses would focus on re-educating and training their workforce in new skills needed on the job, said a human resources survey.

Shoppers take a liking to flash sales on e-commerce platforms

Flash sales on e-commerce platforms have become increasingly popular since the fourth wave of Covid-19 broke out in late April.

Vietnam: Economic growth pace accelerates in 2Q

Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of...


MOST READ


Back To Top