Unemployment rate soars to 4.5%, lawmakers call for announcement of unemployment assistance details, restaurant workers worry about unqualified

The government announced yesterday (17th) that the latest unemployment rate was 4.5%, an increase of 0.6 percentage points, and the number of unemployed rose to 157,900, of which the catering service activity industry rose to 8.1%.

AFL legislator Lin Zhensheng pointed out that the unemployment rate may exceed the highest level of 7.2% due to the ongoing epidemic, and suggested that the details of temporary unemployment assistance be announced as soon as possible to provide assistance to the unemployed.

Chuang Tailiang, Executive Director of the Lau Chor Tak Institute of Global Economics and Finance, CUHK, believes that scientific methods should be used to restore social operations, allowing restaurants and businesses to reopen, so that the economy can continue to operate.

▼Market conditions under the epidemic on March 8▼

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Tang Jiabiao mentioned in an interview with RTHK this morning that the increase in the unemployment rate was within expectations, and he even expected the situation to be worse, similar to July 2020.

The temporary unemployment assistance of 10,000 yuan is mentioned, which means that the effect will be great. It is recommended that the eligibility for the application should be calculated on the basis of personal salary, and the dual-track system should also be calculated on a family basis. The total income can be applied for if it does not exceed a certain figure. It is relatively high, but the only source of income in the family will help more unemployed citizens. In addition, many citizens have expressed interest in the 100% guaranteed personal loan program, but banks have stricter requirements for documents. It is suggested that the government can give banks clarity instruct.

Deng Jiabiao, a member of the Legislative Council of the Federation of Trade Unions, suggested that temporary unemployment assistance should be calculated on a household basis under a dual-track system, and applicants can apply for it if their total income does not exceed a certain figure.

(File photo / Photo by Li Zetong)

AFL Legislative Council member Lin Zhensheng believes that if the epidemic continues to worsen, such as the failure of nationwide testing to solve the epidemic, the epidemic will continue until May to June, and the unemployment rate will continue to rise, even surpassing the highest since the epidemic of 7.2%.

He also urged the government to announce the details of temporary unemployment assistance as soon as possible, pointing out that many citizens were worried that they would not be eligible to apply, especially the catering industry consultants, because they were not officially dismissed, but they also had zero income, which was no different from unemployment.

He also believes that the 100% guaranteed personal preferential loan scheme can be repaid slowly over ten years, which can help people who are underemployed and whose income has been greatly reduced.

Lin Zhensheng urged to announce the details of temporary unemployment assistance as soon as possible.

(Photo by Luo Junhao/File photo)

Zhuang Tailiang, Executive Director of the Lau Zuode Institute of Global Economics and Finance, CUHK, believes that the unemployment rate is rising fast and will rise again, because the situation in March was worse than that in February, and there is no chance to fall back until April, and the unemployment rate is expected to rise. to about 5%.

It is mentioned that although unemployment benefits and consumer vouchers are helpful to some extent, they are still far from one month's salary. It is suggested that the government should use scientific methods to restore social operations and allow restaurants and businesses to reopen so that the economy can continue to operate.

Zhuang Tailiang suggested that the government use scientific methods to restore social operations and reopen restaurants and businesses so that the economy can continue to operate.

(File photo/Photo by Lu Yiming)

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