Between the third quarter of 2020 and the last quarter of 2020, the unemployment rate in the region fell by 0.9% due to “high job security.” In the last three months of 2020, 328,647 workers were covered by the layoff system.
The report shows that employment protection measures such as “dismissal” are preventing the unemployment rate in the northern region, which was 7.0% in the last quarter of 2020, which is “close to 25%.”
The quarterly report of the North Air Joint News prepared by the Northern Region Coordination and Development Commission (CCDR-N) stated that Lussa had access to the report and pointed out that public intervention in the region’s economy was “decisively maintaining employment and preventing rampant employment.” Unemployment growth”.
He said: “Various support measures are preventing the unemployment rate in the north from approaching 25%.”
Between the third (July, August and September) and the last quarter (October, November and December) of 2020, the unemployment rate in the region dropped by 0.9 due to “high job security” %.
In the last three months of 2020, 328,647 workers were covered by the layoff system.
Since the beginning of the pandemic, the number of workers covered by the layoff system has been “quite high”. In the fourth quarter of last year, 328,647 workers were registered under the system, accounting for 40.8% of the national total, the report added.
According to the document, the unemployment rate for the region’s youngest workers (between 15 and 24 years old) remains the “highest”, at 20.8% in the fourth quarter of 2020, down from 24.3 in the previous quarter. %.
The reason for the decline in the unemployment rate of this group of people is not to create job opportunities, but “due to the increase in the number of inactive young people who have given up looking for work when job opportunities have decreased.”
The unemployment rate of the elderly has declined. The unemployment rate of the age group from 35 to 44 has dropped to 4.2%, and the unemployment rate of residents over 45 has dropped to 5.1%.
According to the report, “under this unfavorable situation, the atypical evolution of the labor market is more obvious in the northern region”. From a net point of view, the region “only lost 4,000 jobs compared with 2019” by 2020. .
During the quarter, the number of employed persons with higher education levels increased by 60,100 compared to the same period in 2019. Conversely, the number of employed workers with lower education levels fell by 32,600.
He pointed out: “This dichotomy partly stems from the ongoing digital transformation.”
As for the company’s accumulated debt to the banking system, the report shows that by the last quarter of 2020, they have increased by 11.3% compared to the same period in 2019, so new loans to the company have decreased by 25%.
Regarding the tourism industry in the region, there has been a “deterioration”. Compared with the same period in 2019, overnight accommodation for residents has decreased by 47.4%, and overnight accommodation for non-residents has decreased by 83.9%.