Monday, December 5 2016

VietNamNews

Unemployment figure climbs slightly to 2.22%

Update: April, 10/2015 - 08:30
By the end of March, 52.5 million people over 15 were employed – 8.8 million more people than the first quarter last year, the report said. Men comprised 51.5 per cent of the workforce and women comprised 48.5 per cent.— Photo bizLIVE

HA NOI (VNS) — The overall unemployment rate rose slightly to about 2.22 per cent in the first quarter of the year. The rate is 3.17 per cent in urban areas and 1.75 per cent in the countryside.

As many as 265,000 workers became employed during the same period, an increase of 3.6 per cent over 2014, according to the General Statistics Office (GSO).

By the end of March, 52.5 million people over 15 were employed – 8.8 million more people than the first quarter last year, the report said. Men comprised 51.5 per cent of the workforce and women comprised 48.5 per cent.

Of these, 40.7 per cent worked in agriculture, forestry and seafood; 25.5 per cent worked in construction and industry; and 33.8 per cent worked in the service sector.

College and university graduates were seeing less work comparatively, with an unemployment rate of 4.39 – 2.17 per cent higher than the overall rate.

"The fact that many university or college graduates can't get a job reflects a change in companies' recruitment structure," said Cao Van Sam, deputy head of the General Department of Vocational Training under the Ministry of Labour, Invalids and Social Affairs (MoLISA).

Enterprises often recruited applicants based on their experience, not their level of education, he said.

He attributed the graduates' unemployment to the fact that they lacked professional skills and soft skills. They had focused too much on theory in school and hadn't gotten enough practical experience, he said.

The Government said it expected Viet Nam's economy to remain stable in the second quarter and for its GDP to rise. Employer demand would also increase in leading sectors.

Firms would seek 65,000 labourers in the second quarter of the year in HCM City, said Tran Anh Tuan, deputy director of the city's Centre for Human Resource Forecasting and Labour Market Information. — VNS

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