The document provides information on Vietnam's labor force participation rate and unemployment rate from graphs published by the General Statistics Office of Vietnam. The labor force participation rate has generally leveled off around 76.5% but saw a significant drop in the second quarter of 2020 and has declined since. The unemployment rate remained low until the first half of 2020 when it began to rise sharply, peaking at 3.72% at the end of 2021. Both graphs show the labor force shrinking while unemployment increased markedly in recent years.
The document provides information on Vietnam's labor force participation rate and unemployment rate from graphs published by the General Statistics Office of Vietnam. The labor force participation rate has generally leveled off around 76.5% but saw a significant drop in the second quarter of 2020 and has declined since. The unemployment rate remained low until the first half of 2020 when it began to rise sharply, peaking at 3.72% at the end of 2021. Both graphs show the labor force shrinking while unemployment increased markedly in recent years.
The document provides information on Vietnam's labor force participation rate and unemployment rate from graphs published by the General Statistics Office of Vietnam. The labor force participation rate has generally leveled off around 76.5% but saw a significant drop in the second quarter of 2020 and has declined since. The unemployment rate remained low until the first half of 2020 when it began to rise sharply, peaking at 3.72% at the end of 2021. Both graphs show the labor force shrinking while unemployment increased markedly in recent years.
Complete Unit 13 – Trends, graphs and figures in the Business English Handbook 13.1 1g 2c 3h 4a 5b 6e 7d 8f 13.2 1d 2e 3a 4f 5b 6c 13.3 1. bring … down 2. put … up 3. bottom out 4. bounce back 5. pick up 6. take off 7. level off 8. slip back 13.4 1. grow 2. Cannot 3. Cannot 4. First two examples 13.5 1. Yes 2. No 3. No 4. Yes 5. Yes 6. No 7. No 8. Yes 9. Yes 10. Yes 11. No 12. Yes 13.6 1. Shrinking 2. Expanding 3. Growing 4. Rising 5. Soaring 13.7 1. rapidly 5. Marginally 2. gradually 6. Significantly 3. steadily 7. sharply 4. slightly 8. Dramatically 13.8 1. yes 2. No 3. No 4. Yes 5. No 13.9 1. cut 5. Half 2. deterioration 6. Improvement 3. fall 7. Increase 4. growth 8. Recovery 9. reduction 10. Rise 13.10 1. slight fall 2. steady rise 3. gradual improvement 4. sharp reduction 13.11 1. pie chart 2. Heading 3. Title 4. Labeled with 5. Steep 13.12 1.i,k,p 2.c,e,f 3.a,l 4.m 5.j 6.b,d,g,h,n,o 13.13 1. from/to/of 7.in 2. in/of 8.in/with 3.at 9. to 4.in 10. on 5. no 11. down 6.between 12.into
1.2 Application (10 points)
Write a short report (200 words max.) based on the following graphs on Vietnam labor force participation rate and Vietnam unemployment rate.
Graph 1: Vietnam Labor Force Participation Rate
Source: General Statistics Office of Vietnam
Graph 2: Vietnam Unemployment Rate
Source: General Statistics Office of Vietnam The two given charts illustrate the relations between the percentage of people entering the labor market and the unemployment rates in Viet Nam within the same time. Overall, the number of workforce members showed signs of decrease over the years whereas that of unemployed people experienced a remorseless rise. In terms of the first graph, it is noticeable that the participation rate levelled off with 76,5% on average in seven consecutive quarters. However, this figure dropped significantly in the second quarter of 2020, continuing this pattern to the end of this year. The number slightly increased to 70.3% at the beginning of 2021 but quickly backed to the steep to 68.5% in October 2021. Besides, during 2016- 2021, the peak was 77.5% while the minimum was 67.2%. The other graph shows the contradictory tendency. Commencing at 2.19% in January 2019, the unemployment rates had little change until the first half of 2020. In the third quarter of 2020, nevertheless, it witnessed a significant growth to 2,73%. The figure suffered from minor fluctuations before peaking with staggering 3.72% at the end of 2021. Moreover, the data collected from 1998 to 2021 indicates that the highest number was 4.50%, 3 times higher than the lowest.