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.
Other News
- Sustainable fuel incurs new costs for Vietnamese airlines
- Hanoi prioritizes key industrial products
- AI set to drive Vietnam's economic growth in 2025
- AEON Vietnam opens another department store in Hanoi
- Support measures to strengthen Hanoi's small businesses and local industries
- European companies endorse Vietnam as investment destination
- Hanoi's flower market flourishes ahead of Tet 2025
- All-time high for Vietnamese FDI in 2024
- Mechanisms matter to promote energy efficiency in Vietnam's industrial sectors
- Hanoi targets to become nation’s logistics hub
Trending
-
Vietnam, Switzerland upgrade bilateral ties to comprehensive partnership
-
Vietnam news in brief - January 22
-
Tet homework? Yes, but keep it light to avoid stress for students
-
Vietnam hosts first international lantern competition
-
Hanoi kicks off the Spring Calligraphy Festival in celebration of Lunar New Year
-
Hanoi’s central role means heightened responsibility in foreign affairs: Mayor
-
Hanoi revives historic Tet traditions in Duong Lam Ancient Village
-
AI set to drive Vietnam's economic growth in 2025
-
Two Vietnamese cities in Asia's top five destinations for digital nomads