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Word Count: 979
IntroductionThe unemployment rate became a hot topic in the past few months when it roseto 35 per cent a recent high for almost 10 years The jobless rate was higherthan the 32 per cent unemployment rate recorded in the May to July period The underemploymentrate in the June to August period rose to 25 per cent from 23 per cent in the Mayto July period Until recently most workers who lost their jobs were from the manufacturingsector They were middle-aged factory workers with few skills and little education Butin recent months a large number of employees have been laid off in the retail and restaurantbusinesses Unemployment has spilled over to the service sector from manufacturing sectorHong Kong is facing a prolonged economic downturnThe high unemployment rate has raised many social and economic problemsFor example the number of people who commit suicide is increased It is becausemore people had lost their jobs for a long time It is a serious threat to the livesof the poor The unemployed people may also feel that it is unmeaningful to live As a resultthey will commit suicide to solve the problem Moreover the high unemployment rateresults in the increase of the rate of crime There was an unemployed man who stole ricebecause he was too hungry and he did not have money to even buy food We can know how seriousthe unemployment rate is By the way higher unemployment rate causes lower purchasing power of peopleA lot of kinds of business are affected Many people lose confidence in economicsof Hong Kong They do not believe unemployment will be improved Some say that theGovernment should provide immediate assistance for the jobless Some also say unemploymentis due to the attraction of cheap labor across the border The Government can no longerplay the role of a bystander All of these above show the influence of the unemployment In spite of howmany people who have talked about the topic of unemployment everyone will
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