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New crown pneumonia|Unemployment rate maintained at 6.1% HR: Unexpectedly, layoffs in the next quarter will solve the problem better

2020-09-17T10:11:03.052Z


The government today (17th) announced the latest unemployment rate. The unemployment rate from June to August remained at 6.1%, the same as the previous period. However, the number of unemployed persons rose to 248,000, an increase of approximately 5,800 from the previous period. As for the underemployment rate, the increase was concentrated in the catering service activities, transportation, insurance, and education. Senior human resources consultant Zhou Qiping said that the employment rate from June to August remained unchanged at 6.1%, which was unexpected, because July and August were the time when the third wave of the epidemic was most affected. She also said that if the epidemic rebounds in winter, the aviation, transportation, and catering industries are still not optimistic. She believes that the first phase of the Employment Guarantee Program is indeed helpful for local employment, especially for low-income people, but in the second phase, many companies will lay off high-paid employees because of unclear prospects. Some labor unions also believe that the latest quarter's figures have not peaked, and they are worried that there will be a wave of layoffs in the future and urge the government to set up unemployment assistance as soon as possible.


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Written by: Yuan Shu Huang Yongyu

2020-09-17 18:02

Last update date: 2020-09-17 18:02

The government today (17th) announced the latest unemployment rate. The unemployment rate from June to August remained at 6.1%, the same as the previous period. However, the number of unemployed persons rose to 248,000, an increase of approximately 5,800 from the previous period.

As for the underemployment rate, the increase was concentrated in the catering service activities, transportation, insurance, and education.

Senior human resources consultant Zhou Qiping said that the employment rate from June to August remained unchanged at 6.1%, which was unexpected, because July and August were the time when the third wave of the epidemic was most affected.

She also said that if the epidemic rebounds in winter, the aviation, transportation, and catering industries are still not optimistic.

She believes that the first phase of the Employment Guarantee Program is indeed helpful for local employment, especially for low-income people, but in the second phase, many companies will lay off high-paid employees because of unclear prospects.

Some labor unions also believe that the latest quarter's figures have not peaked, and they are worried that there will be a wave of layoffs in the future and urge the government to set up unemployment assistance as soon as possible.

Zhou Qiping, Managing Director of Anjun Human Resources Consultant.

(Profile picture)

Zhou Qiping pointed out that the unemployment rate from June to August did not rise, which was unexpected, especially the severe epidemic in July and August. The government stopped the night market and issued a two-person gathering restriction order, which affected many industries. .

She predicts that the unemployment rate will continue to rise in the future, especially when the weather is getting colder. If the fourth wave of epidemic breaks out, in addition to the government's promulgation of epidemic prevention measures, citizens' desire to go out and spend will also decline.

As for the job guarantee plan, she said that the first phase did help employees of the company, but most of them were relatively low-paid employees.

She said that in the first phase, the companies didn't know much about the epidemic. They only felt that the government gave money to keep the company a good thing.

And as the epidemic continues, many industries anticipate the future situation, especially companies with relatively high-paying employees, may think that layoffs can solve the problem better than job-guaranteed plans.

▼Reopening of premises and relaxation measures starting on September 18▼

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The labor union expects that the unemployment rate has not peaked. Worrying about the layoffs, the



labor representative of the LAB and the director-general of Kowloon East of the Federation of Trade Unions Deng Jiabiao pointed out that the unemployment rate may not reflect the true situation, including employees on unpaid leave and industries that have closed business due to the epidemic. Practitioners.

He believes that the job-guaranteing plan has "achievements" and at least retains the employment relationship. "When the plan is over, even the effects of doing a few are not buried."


However, the number of employers applying for the second phase of the Employment Guarantee Program is 10,000 less than that of the first phase. Coupled with the uncertain global economy, he is worried that there will be a wave of layoffs.

Deng believes that the unemployment rate has not "peaked" yet, and it is expected that it will slowly deteriorate in the future. The third round of anti-epidemic funds will only focus on certain industries, ignore the unemployed, and urge the establishment of unemployment assistance as soon as possible.

Deng Jiabiao, a labor representative of the LAB and the Director-General of Kowloon East of the Federation of Trade Unions.

(Profile picture)

New crown pneumonia│The unemployment rate remains unchanged at 6.1% from June to August, but the catering service industry is high at 14.4%

New crown pneumonia | Unemployment rate has fallen, restaurant and hotel construction is still the hardest-hit area HR: Job hunting is still not easy

New crown pneumonia│The unemployment rate drops slightly, the government announces that the unemployment rate fell to 6.1% from May to July

New crown pneumonia unemployment rate

Source: hk1

All news articles on 2020-09-17

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