Both the unemployment rate and the underemployment rate began to rise collectively from 12/2019. This is also the time when the epidemic began. The most serious of these are the construction and retail, accommodation and catering services industries.

This means that not only the number of unemployed people has increased, but even those who have a job are facing the dilemma of not having a job. Some employees still have salary income, but some employees have no income without starting work.

The emergence of the epidemic has reduced the profits of most companies. Many people are faced with unemployment and reduced income. Therefore, many companies have to delay the progress of the project. The citizens did not intend to decorate their homes in this environment. Project delays and business reductions naturally caused most employees to stagnate. Construction companies have reduced revenue and increased costs, so they will reduce costs through layoffs.

The rise in unemployment and underemployment rates in the retail, accommodation and catering services industries is predictable because they are directly affected by the epidemic. During the epidemic, the government’s anti-epidemic policies and citizens’ desire to buy directly hit the development of the industry. What is more interesting is that the unemployment rate of this industry, like other industries, does not fluctuate too much after 3/2020, but the underemployment rate has large fluctuations. It plummeted from 6.3% on 3/2020-5/2020 to 5% on 5/2020-7/2020, and then rose sharply to 6.3% on 7/2020-9/2020. Another similar drop occurred on 9/2020-11/2020. This may be because many of the occupations employed in these industries include part-time employees, such as part-time, speculation, etc. When the epidemic is severe, the number of customers will decrease, and the number of shop staff will naturally decrease, and vice versa.