The labor market is gradually recovering

According to information released from the press conference, our country’s unemployment rate in the first quarter of this year was 2.46%, down from 3.56% in the previous quarter. In which, employed workers increased sharply in both enterprises and individual production and business establishments.

Specifically, employed workers in the first quarter of this year increased by 1 million people compared to the fourth quarter of 2021, the average monthly income of employees also increased by 1 million compared to the previous quarter, currently at 6.4 million. copper. However, the number of workers in informal employment increased more than the number of workers in formal employment.

Underemployment improved, especially in the service sector. (Illustration image – Photo: Investment Newspaper)

“Labor market flourishing and is gradually recovering. The unemployment rate and the rate of underutilized labor fell sharply, but remained at a high level,” said Pham Hoai Nam, Director of the Department of Population and Labor Statistics.

Underemployment has improved, especially in the service sector as the economy begins to reopen. However, underemployment rates in the agriculture, forestry and fishery sectors increased sharply this quarter.

In addition, according to experts, considering increasing the regional minimum wage for employees is a legitimate and necessary aspiration, but there needs to be a specific roadmap so as not to create more pressure on businesses in the current context. restore production and business.

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