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VietNamNews

Unemployment rate increases

Update: June, 29/2011 - 16:45

HA NOI – Socio-economic development conditions and a Government cut in the growth rate led to fewer new jobs than targeted for the first half of the year, according to the Ministry of Labour, War Invalids and Social Affairs (MoLISA).

During the first half of the year, 146,538 people nationwide officially added their names to the registry of unemployed workers, a "131.1 per cent increase against the same period last year," said Le Quang Trung, vice director of the MoLISA Job Department.

Among the newly-registered unemployed, 119,000 have applied for unemployment insurance benefits, a 171.19 per cent increase over the first half of last year.

The Government cut the growth rate from 7.5 per cent to 6 per cent which resulted in fewer jobs created than targeted for the period, said the department.

The situation can also be attributed to the fact that many people quit their jobs because of low pay. – VNS

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