Nearly five million workers affected by COVID-19

Update: 18:44 | 24/04/2020
The COVID-19 pandemic has affected five million workers as of mid-April, bringing the first-quarter unemployment rate to a five-year high, according to the General Statistics Office’s recent survey.
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Staffs working at a food-processing company in Long An province.

Of the above figure, 13% have lost jobs, 28% are taking turns to work, and 59% have been temporarily out of work, the GSO said.

The unemployment rate picked up 3.18% and 1.73% in urban and rural areas compared to the previous quarter.

Manufacturing and processing were hit hardest with 1.2 million, followed by wholesale and retail with 1.1 million and accommodation and catering services with 740,000.

The pandemic caused huge impacts on business production and laborers, in which low-income, young and old workers are among most vulnerable groups, said Vu Thi Thu Thuy, Director of the GSO’s Department of Population and Labor Statistics.

Labor force participation dipped to a 10-year low of 75.4% in the reviewed period, down by 1.2-1.3 percent from the previous quarter and the same period last year, Thuy added.

Around 84.8% of surveyed businesses, especially large and medium-sized ones, said they have faced difficulties caused by COVID-19.

However, 5.3% of the respondents said they have taken advantage of this period of time to improve skills for their workers.

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(Source: VGP)