While hiring sentiments remain positive, momentum in the labour market is expected to ease, says the Ministry of Manpower (MOM).
Josh Bersin discusses how organisations can manage layoffs more effectively, even in uncertain economic times.
While employment continued to grow in Q3’2022, the Ministry of Manpower expects this momentum to be stunted in the months ahead.
Those who are curious about how the world works and their role in it are likely to innovate at the workplace, said CEO Adam Selipsky.
With people key for organisational success, attracting and retaining the best talent is on the agenda of every HR and business leader heading into 2023.
Job training and reskilling are measures that can be taken to create more employment opportunities in 2023, says business group.
Although employment grew in Q3’2022, global conditions are likely to create an uncertain labour market in the coming months.
While the unemployment rate has fallen below pre-pandemic levels, the Ministry of Manpower (MOM) has cautioned against looming economic uncertainty.
Despite the loss, Forrester expects the green economy to help make up for some losses as more countries commit to carbon neutrality.
The number of working people aged 15 and above hit 51.4 million in 1H2022, marking a 400,000 year-on-year rise.
The unemployment rates in May stayed unchanged from the month before, and the likelihood of a downturn remains low.
Many workers who lost their jobs
were able to find new employment within six months due to the availability of positions.
Fresh data has revealed that Australia’s job market continued to strengthen as the unemployment rate remains at a historic low.
A government bill has been passed to allow employers to sack workers who refuse to receive a COVID-19 vaccination without a reasonable excuse.
The unemployment rate for youths aged 15 to 24 reached a 10-month low of 12.8% in April, falling by 3,800 to 357,200 over the month.
The city is pushing out two measures for alleviating the financial burden on seven key industries seriously affected by the pandemic.
The Ministry of Manpower expects unemployment to stay low amid a tight labour market and high demand for workers.
Malaysia’s labour market momentum escalated in the first quarter of 2022 as both demand and supply ascended further.
The unemployment rate for males declined by 0.2 percentage points to 4%, its lowest level since October 2008.
Amid the prolonged pandemic, 43.1% of firms listed on the country's main and minor bourses slashed the number of their employees last year from 2020.
As the economy continues to recover from the pandemic, the number of retrenchments fell to 1,300, or 0.6 per 1,000 employees from January to March.
Compared to a month earlier, the number of workers rose by 180,000 in March, while workers who were unemployed fell by 90,000 over the same month.
The jobless rate in the country was 4.0% in March, one of the lowest readings since 1974, and is expected to drop further.
The unemployment rate in the country stood near a historical low in March, while the number of people employed rose for a 13th consecutive month.
The number of unemployed persons continued its fall by 1.3% to 671,000 in February from 680,400 in January this year.
Unemployment rates for February were around the quarterly average unemployment rates in 2018/2019 and are expected to hover around these levels.
The job availability ratio in February rose slightly to 1.21 from 1.20 in January, marking the second straight month of improvement.
With almost 180,000 applications in the first launch days, Chief Executive Carrie Lam has said there will be no upper limit on the overall funds distributed.
The labour force participation rate in urban areas over the same period was 46.9%, down from 47.2% year-on-year, showed official data.
The seasonally adjusted unemployment rate fell to 4.5% in the period from December 2021 to February 2022, from 7.2% in the same period the year prior.