---
title: "First six months of FY 2026: initial management actions initiated; revised full-year guidance."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282291834.md"
description: "The report indicates a significant rise in unemployment rates, with over 10 million people unemployed, marking a 3% increase to 7.5% of the population. The hospitality and retail sectors were the most affected, with a 5% rise in layoffs. Job vacancies have decreased by 20% compared to last year. Experts link this rise in unemployment to the ongoing economic downturn from the global pandemic, leading to increased pressure on the government to provide support for those impacted by the crisis."
datetime: "2026-04-10T05:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282291834.md)
  - [en](https://longbridge.com/en/news/282291834.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282291834.md)
---

# First six months of FY 2026: initial management actions initiated; revised full-year guidance.

The recent report revealed a significant increase in unemployment rates, with over 10 million people now out of work. The latest figures show a 3% rise in joblessness, bringing the total to 7.5% of the population. The hardest-hit sectors were hospitality and retail, experiencing a 5% surge in layoffs. Additionally, there was a notable decrease in job vacancies, down by 20% compared to last year. Experts attribute this spike in unemployment to the ongoing economic downturn caused by the global pandemic. Moreover, the government is facing mounting pressure to provide support and aid to those affected by the crisis, as the situation continues to worsen.

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