Written by: Yuan Shu
2020-08-19 18:53Last update date: 2020-08-19 19:01
The government today (19th) released the latest figures on the unemployment rate. The unemployment rate from May to July dropped slightly to 6.1%, ending the nine consecutive three-month uptrends, except for the retail, accommodation, catering, and construction industries. The unemployment rate is still high.
Some unions in the hotel and catering industry said that the unemployment rate has fallen or the government’s job-guarantee program has contributed to the government’s job-guarantee program, but the industry is still the hardest hit area, and many front-line employees are still given unpaid leave. Senior human resources consultant Zhou Qiping said that the figures only reflect the situation from May to July. However, the outbreak of the epidemic did not begin on a large scale until the end of July. I believe the unemployment rate will still rise in the next period. She said that the job market is still not optimistic. Both wage earners and bosses are hesitant to find jobs. Although the industry is now looking forward to the anti-epidemic fund 3.0, including the third period of job security, I hope the government can make up for it. The loopholes in the policy, "In fact, everyone wants to start jobs, not funding!"
Associate Professor Mai Cuicai of the Department of Finance and Policy Studies at HKBU analyzed that the unemployment rate has fallen. On the one hand, the government relaxed the gathering restrictions from May to July to revive social and economic activities. On the other hand, it is effective in securing employment. Individual industries still have high unemployment rates. He said that the unemployment rate will continue to rise in the future. Apart from the local epidemic, it may also be affected by Sino-US relations.
The unemployment rate in the construction industry rose slightly to 11.3%, the highest level since the global financial crisis. Li Juhui, director of the Iron Workers Union of the Hong Kong Construction Industry Federation, said that half of the workers in the industry are still not working and the situation is serious. He said that many workers in the construction industry are "distributed" and are not the targets of employment protection. The second phase of the Employment Protection Scheme includes people over 65 years old with MPF accounts. He said that there are still many elderly people in the construction industry. No part, don’t be fair.”
Mai Cui, associate professor of the Department of Finance and Decision Sciences, Baptist University. (Photo/Photo by Wu Zhongkun)
Hotels and catering are still the hardest-hit areas migrant workers want to start a job
Ye Liuqing, secretary-general of the Association of Hotel and Catering Practitioners, said that the hotel and catering industry is still the hardest hit area. Many employees are still forced to take unpaid leave or discounted food, and their income is much less than before. She said that the overall unemployment rate has dropped, or the effect of the government’s job-guarantee program, "but the effect is not good." The catering industry is still affected by measures such as gathering restrictions and the suspension of the night market. One or two percent of business, simply stick to it."
She said that the industry is looking forward to the Anti-epidemic and Anti-epidemic Fund 3.0, including the third phase of employment protection, but hopes that the government can fill in the loopholes in the earlier policy. "In fact, everyone wants to have jobs, not to subsidize. !"
Senior human resources consultant Zhou Qiping said that the current employment situation is still not good. (Data Picture/Photo by Lin Ruoqin)
Senior manpower: Many positions are still frozen and it is not easy to find jobs
Senior human resources consultant Zhou Qiping said that although the number has fallen, it only reflects the level from May to July. At that time, the government relaxed the gathering restrictions, economic activities were more active, and with the help of the Employment Guarantee Program, the unemployment rate fell. Quite normal. She believes that there is a chance that the unemployment rate will rise in the future, and the job market will not necessarily return to optimism. On the one hand, people who originally planned to resign dare not act rashly. On the other hand, many companies are implementing work from home and it is difficult to hire people. If you hesitate, many positions will be temporarily frozen."
▼The third wave of measures such as the government's extension of the gathering restriction order and the ban on eating in the evening market ▼
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