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Employment protection plan|Luo Zhiguang: The success of the employment protection plan can help alleviate the deterioration of the unemployment rate

2020-06-17T15:29:57.433Z

The epidemic continued for nearly half a year, the economy of all walks of life was hit hard, and the job market became increasingly tense. The government announced the latest figures for the unemployment rate today (16th). From March to May, the unemployment rate climbed to 5.9%, the highest level in more than 15 years, and exceeded the 5.5% high after the financial tsunami broke out. The Secretary for Labour and Welfare, Luo Zhiguang, said in the Legislative Council today (16th) that although the unemployment rate has deteriorated, the rate of increase has slowed down, indicating that the government’s employment protection plan has the expected effect. I believe that after the second round of eligible enterprises is subsidized Unemployment will ease in June.



Political situation

Written by: Huang Fengyi

2020-06-16 19:18

Date of last update: 2020-06-16 19:18

The epidemic continued for nearly half a year, the economy of all walks of life was hit hard, and the job market became increasingly tense. The government announced the latest figures for the unemployment rate today (16th). From March to May, the unemployment rate climbed to 5.9%, the highest level in more than 15 years, and exceeded the 5.5% high after the financial tsunami broke out.

The Secretary for Labour and Welfare, Luo Zhiguang, said in the Legislative Council today (16th) that although the unemployment rate has deteriorated, the rate of increase has slowed down, indicating that the government’s employment protection plan has the expected effect. I believe that after the second round of eligible enterprises is subsidized Unemployment will ease in June.

Luo Zhiguang said that the unemployment rate from April to June announced next month is likely to exceed 6%, but the relevant data includes the situation in April and May. If you look at June alone, the unemployment rate is expected to fall.

He also pointed out that although the new pneumonia outbreak in Hong Kong has subsided, local economic activity still needs time to return to normal. As the global epidemic continues to drag on the global economy, the labor market will still face pressure in the short term, but believes that the rate of deterioration in the future may It will slow down, and the government will closely monitor the situation.

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Luo Zhiguang Employment Plan unemployment rate

Source: hk1

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