The new crown epidemic in Hong Kong has eased and the unemployment rate has fallen further. Statistics on unemployment and underemployment from June to August show that the unemployment rate has fallen by 0.3 percentage points to 4.7%.
The Secretary of Labor and Welfare Law Chi Kwong predicts today (18th) that the unemployment rate in the fourth quarter of this year is likely to be lower than 4%; as long as the epidemic remains under control, it is expected to be close to 3% by the end of next year.
However, he believes that the decline in the unemployment rate will slow down because the current "mismatch" situation is obvious.
Therefore, the Labour and Welfare Bureau will strengthen its retraining work.
▼The economy is hit hard by the epidemic, and job fairs of the Labour Department are flooded▼
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Luo Chi-kwong said on the commercial program "Political and Economic Saturday" today that the current "mismatch" situation is obvious. For example, the job fairs organized by the Labour Department "have more jobs than visits."
He also said that "mismatches" in the innovation and technology and elderly industries are particularly obvious. The latter is even closer to a 20% vacancy rate, so retraining work still needs to be strengthened.
As for the youth unemployment rate, since most young people enter the labor market from June to August, the unemployment rate has changed. I believe that the current situation is not too bad.
Hong Kong has recently reappeared in the "migration wave". When asked about the impact on the labor market, Luo Zhiguang thinks that the impact is obvious. There is a brain drain phenomenon. In addition, the inflow, including one-way permits, has dropped significantly due to the sharp decline in the relationship between the epidemic and the net inflow in the past. Outflow.
He also pointed out that about 100,000 people retire in the local labor market every year, and only 50,000 new entrants. Therefore, the Bureau of Labor and Welfare will pay attention to how to attract talents to Hong Kong.
Director of Labour and Welfare Law Chi Kwong.
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The Hong Kong government has contacted the trade unions and the other party will announce whether they will be dissolved
Regarding reports that the trade unions have initiated the dissolution process, Luo responded that the trade unions themselves are not trade unions, but provide a large number of retraining services. Such dissolution will definitely affect the retraining of employees.
At present, the authorities are preparing to respond in three ways, including if the course is completed within a short period of time, it will be completed as soon as possible; if it cannot be completed within a short period of time, it will be taken over by other retraining units; if courses need to be terminated entirely, they will be offered by other organizations again.
He also pointed out that the authorities have contacted the trade unions, and whether it will be disbanded will be officially announced on its own.
Luo Zhiguang said that the government has the responsibility to ensure that different organizations abide by the National Security Law. If the Trade Union Registration Bureau receives a complaint, it needs to obtain information from the union. Provide it if you have information."
He emphasized that trade unions must provide objective information. It is not just a reply that has not violated the National Security Law.
Unemployment rate | The unemployment rate fell for 6 months to 4.7%, beating expectations. About 188,000 people are still unemployed in Hong Kong. Unemployment rate | Survey: Consumer vouchers drive the number of unemployed to plummet Better than expected 198,000 people to work without work to start a consumer industry. Significant improvement in consumer vouchers | The effect of driving private consumption growth shows that Chen Maobo expects the unemployment rate to fall further. Unemployment rate | Luo Zhiguang expects that the overall employment situation is improving and the youth unemployment rate has been better than expected
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