Year-end labour market enjoy positive signs

VOV.VN - Local businesses are in the process of intensifying recruitment to boost production aimed at promptly completing orders, thereby helping the labour market continue to have more positive and drastic changes ahead in the remaining months of the year.

According to the latest data released by the General Statistics Office (GSO), the past nine months has witnessed the number of employed workers in the country reach 51.2 million, an increase of 776,000 people over the same period from last year. Of the figure, the urban area recorded 19 million people, a rise of 321,600 people, while rural areas registered 32.2 million people, an increase of 454,300 people.

Data from the Ministry of Labor, War Invalids and Social Affairs also indicates that the labour force and the number of employees in the third quarter of the year continued to increase compared to the previous quarter and compared to the same period from last year.

Most notably, the number of workers forced to take time off, quit their jobs, or lose their jobs in businesses starting in the fourth quarter of 2022 decreased sharply.

Assessing the labour market over the past nine months, the Ministry said that besides some negatively affected sectors, there were still industries with increased industrial production index, with total retail sales of goods and consumer service revenue recording growth, thereby creating more jobs.

​Recent times has seen the number of newly-established businesses and those resuming operations higher compared to those withdrawing from the market, which also contributed to creating more jobs.

In particular, during the reviewed period the total number of Vietnamese workers working abroad stood at more than 111,500, exceeding the target of 101.37% set for the whole year, signaling positive changes in job creation.

According to information given by the Hanoi Employment Service Center, the laboir market in the capital in the third quarter continued to maintain growth momentum, achieving positive results, with the manufacturing industries and sectors seeing stable recovery and development.

Recruitment demand focused mainly on the trade-service and industry-construction sectors, with these factors helping the labour market "warm" gradually.

Vu Quang Thanh, deputy director of the Hanoi Employment Service Center, said that through organising job trading sessions it can be seen that the labour market at the end of the year recorded plenty of signs of improvement.

The number of businesses engaging in job transactions or recruitment needs of businesses has also increased significantly.

Job targets and positions remain very diverse in different fields of work, reflecting reality because from now until the end of the year there will be many major holidays such as Christmas, New Year, and the Lunar New Year which will have a positive impact on recruitment trends, especially for part-time job positions.

In the fourth quarter, Hanoi will need between 35,000 and 45,000 workers. Recruitment demand therefore continues to focus on a number of fields and industries such as trade and services and production activities.

During the past 10 months of the year the capital created jobs for approximately 186,000 workers, reaching 114.9% of the plan, Thanh went on to say.

During this period alone the Hanoi Employment Service Center conducted 215 job trading sessions, with the number of participating businesses being 7,000. As a result, over 15,000 workers have been recruited directly at job sessions.

Thanh went on to affirm that the increase in the number of newly-established businesses indicates good prospects ahead for the labour market.

Also according to Thanh, the number of job trading sessions, as well as job introduction, will be conducted very actively from now until the end of the year in a bid to support businesses in recruitment, completing orders, and developing production. This is in addition to helping workers find jobs and job positions that suit their abilities, qualifications, and skills.

Asso. Prof, PhD. Dinh Trong Thinh from the Academy of Finance also commented that in the last months of the year, the labour market has seen a relatively clear change, with a growing number of job seekers and employed people.

The number of newly-established businesses and those resuming operations in September and October reportedly spiked, attracting a large number of workers and jobs for the national economy. These can be viewed as positive signs in the labour market for the final months of the year.

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Positive signs from overseas labour market
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The number of Vietnamese guest workers working overseas under contracts exceeded 59,600 in the first five months of this year, or 54.2% of the annual plan and over 1.9 times higher than the same period last year, showing positive signals from overseas employment, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs.

Positive signs from overseas labour market

Positive signs from overseas labour market

The number of Vietnamese guest workers working overseas under contracts exceeded 59,600 in the first five months of this year, or 54.2% of the annual plan and over 1.9 times higher than the same period last year, showing positive signals from overseas employment, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs.