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HCM City job market sluggish in first half

Update: July, 21/2012 - 10:09

HCM CITY — Labour demand in HCM City plunged in the first half from a year earlier, according to the Centre for Labour Market Information and Human Resource Forecasting.

The centre estimated the city's demand for workers to have fallen by around 25 per cent in the first quarter and 21 per cent in the second.

But "irrationally," companies did not fill even the lower number of vacancies that have arisen, Tran Anh Tuan, deputy director of the centre, said.

The Job Promotion Centre set up nine job floors which offered 30,000 jobs but participating firms ended up filling just 6,000 openings.

The centre said skilled employees, whom companies always look to hire and retain, are in demand now, especially in the accounting and banking, marketing, business administration, and electrical and electronics sectors.

More than 45,000 workers will be needed in August and September, with university and college graduates accounting nearly 23 per cent of them. Around 35,000 part-time workers will also be required.

Nearly 100,000 laid-off workers have claimed unemployment benefits this year, but very few have benefited from job fairs or free vocational training.

Each day the city receives an average of 400-500 new applications for unemployment benefits, the number increasing due to the closure of many firms and cuts in production.

Tuan said free vocational training programmes and loans would be more effective in enabling poor workers to earn a livelihood. — VNS

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