Jobless insurance claim up, employment down

The increasing number of enterpises filling for bankruptcy in HCM City in the
quater of the year has resulted in a surge in employment insurcance claims.
More than 5,000 enterprises in the city filled for bankruptcy in the first quater of
the year, 4,6 time higher than that of of the same period last year, according
to a report released by the city's People's Committee.
A total of 36,132 laid of wworkers in the city claimed unemployment benefits
during the period an increase of 57 per cent against the same period last year,
said Nguyen Caio Thang, deputy director of the HCM city Employment
Service Centre.
In March, the number of applications soarded to 17,000, a rise of 60 per cent
against the same period last year.

The upward tren in unemploymetn insurance claims would likely