Govt Faces Fresh Calls For Unemployment Subsidies

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-05-20 HKT 17:27

Share this story

facebook

  • The DAB says its survey found 35 percent of people lost their jobs recently, while the FTU says it found 50 percent became unemployed in the past year. File photo: RTHK

    The DAB says its survey found 35 percent of people lost their jobs recently, while the FTU says it found 50 percent became unemployed in the past year. File photo: RTHK

The DAB and the Federation of Trade Unions have repeated their calls for subsidies for Hong Kong people out of work, after the government announced its bleak jobless figures this week.

Officials said on Tuesday that the unemployment rate in Hong Kong for the February to April period had spiked to a 10-year high of 5.2 percent – more than 200,000 people – as the Covid-19 outbreak continues to hit the economy hard.

At a press briefing on Wednesday, the DAB said it had surveyed just under 1,000 people by phone and in person between May 11 and 19 and found that 35 percent of them had recently lost their jobs.

Meanwhile, 75 percent said their income had decreased since the Covid-19 outbreak, and 60 percent were concerned that their employer would make staff cuts, the DAB said.

More than half of those surveyed said they wanted the government to create jobs and distribute its HK$10,000 one-off payment to all permanent residents as soon as possible, the party added.

DAB lawmaker Wilson Or urged the government to provide immediate cash support to the unemployed, without any means-testing.

His Legco colleague Vincent Cheng said the party had met Chief Secretary Matthew Cheung to push for the move, but the authorities are still rejecting the proposal because it would involve a lot of money.

Another pro-Beijing group, the FTU, said it also carried out a survey between April 23 and May 13 involving more than 2,200 people. Around half had lost their jobs in the past year, the party said.

About 70 percent had their income reduced either through redundancy, or a pay cut, the FTU told reporters.

The party also reiterated its call for the government to help with job creation, and to launch a third round of anti-epidemic relief funding as soon as possible.

RECENT NEWS

HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens

The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more

Tazapay Secures Money Service Operator License In Hong Kong

Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more

Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%

Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more

FWD Group Reports US$720M In New Business Sales As Expansion Continues

FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more

WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability

WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more

Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea

Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more