Labor market to record 150,000 new jobs in Q2
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About 150,000 new jobs will be created in the second quarter of this year, including 28,200 in electronics and optical device manufacturing, according to the Ministry of Labor, Invalids and Social Affairs.
The ministry forecast the most sought jobs will be related to manual works in the industrial sector, sales and marketing, accounting and finance, production management, personnel management, and project management.
The most in-demand jobs will be relevant to software development; network administration; network security; data analysis and communications; accounting and finance; marketing, sales, and product management; health care; as well as mechanics, electronics, and automation.
However, the ministry also pointed out that the labor market is facing numerous challenges in Q2, which will lead to the loss of 38,100 jobs in the garment industry, 38,000 in furniture production, and 37,800 in record printing and copying.
Data from the General Statistics Office show that nearly 294,000 workers suffered from lay-offs or furloughs due to businesses’ shortages of orders in Q1.
Experts held that it is necessary to take actions in response to the order decline facing many companies in such major industrial hubs as Dong Nai, Binh Duong, Bac Ninh, and Bac Giang.
Questions & Answers
Q.Which specific industries are forecast to see the largest job losses during the second quarter?
Which specific industries are forecast to see the largest job losses during the second quarter?
The garment industry is expected to lose 38,100 jobs. Furniture production is forecast to lose 38,000 jobs, and record printing and copying will see a reduction of 37,800 jobs.
Q.What types of roles are identified as being most in demand in the upcoming quarter?
What types of roles are identified as being most in demand in the upcoming quarter?
The most in-demand jobs include software development, network administration, network security, and data analysis. Also, marketing, sales, product management, healthcare, mechanics, electronics, and automation roles are highly sought after.
Q.How many workers experienced lay-offs or furloughs in the first quarter of this year?
How many workers experienced lay-offs or furloughs in the first quarter of this year?
Nearly 294,000 workers were affected by lay-offs or furloughs in the first quarter. This was due to businesses experiencing shortages of orders, according to the General Statistics Office.
Q.Which specific job area is predicted to create the most new positions in the second quarter?
Which specific job area is predicted to create the most new positions in the second quarter?
Electronics and optical device manufacturing is expected to create 28,200 new jobs in the second quarter. This is part of the overall 150,000 new jobs forecast for the period.
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