Financial News
Written by: Kuang Yueting
2020-06-03 17:38
Last update date: 2020-06-03 17:38The Census and Statistics Department announced earlier that the seasonally adjusted unemployment rate rose from 4.2% in January-March 2020 to 5.2% in February-April 2020, the highest level in more than 10 years . The MWYO survey of youth think tanks found that 12.4% of the interviewed youths are currently unemployed, and 55.6% of unemployed youths believe that job loss is related to the epidemic. More than 30% of unemployed youths estimate that their existing savings can only sustain expenditures of less than four months.
Among working youth, 7.1% of the respondents' salary income was reduced by half or more from the end of last year; 22.1% were required to take unpaid leave and 12.4% were reduced working hours. 26.8% of working young people worry that the situation of layoffs in the next three months will worsen. Regarding the evaluation of the government's economic support measures, only 19.4% of the respondents had a positive evaluation of the government's performance.
The number of local infection cases asked is not much compared to many countries and regions. More than 60% of the respondents believe that the credit is due to the citizens, but a quarter still think that the government is as creditable as the citizens. The survey was conducted in late May and interviewed 509 young people aged 18 to 34 by telephone interview.
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Youth unemployment rate