Despite the country being in a pandemic state of emergency, its unemployment rate declined and job availability increased, government statistics revealed.
About 180,000 Hongkongers who were unemployed for at least two months since the start of last year will also be eligible to apply for low-interest loans.
Unemployment will plague Hong Kong for years ahead, and that it may take more than three years for the jobless rate to fall below 5%.
Statistics Korea said the number of temporary and daily jobs for those in their 20s declined 18% in January due to the pandemic.
Smaller businesses saw a steep drop in employment numbers while that of larger conglomerates rose last year.
The minister said that it would be tricky to draw the line for when the scheme should stop, and urged that public policy needs to be fair.
The National Employment Council estimates that over 160,000 new jobs will be created this year through committed investments.
The Department of Statistics Malaysia (DOSM) has said the country’s unemployment rate increased 4.5% in 2020 – the highest in 27 years.
While unemployment is severe among the lower class, middle-level occupations have also been badly hit by unemployment.
The unemployment rate fell unexpectedly and salaries increased, ruling out the probability that the central bank will reduce interest rates.
While the number of regular jobs increased 0.5% in 2020, that of non-regular jobs — including part-time roles — fell 3.9%.
Out of those who could retain their jobs, about 83% of women workers in India faced a severe income drop, said Oxfam India.
The human resources ministry said the country’s employment situation improved quarter by quarter in 2020, exceeding expectations.
Although employment has recovered 90% of the fall from March to May, the recovery in part-time employment has outpaced full-time employment.
Among new recruits last December, some 407,000 people had experience working at a second job, data shows.
Though the overall unemployment rate is falling, hiring is not likely to surge in the short term.
The Malaysian Trades Union Congress had previously proposed emergency employment laws to be enacted to prevent businesses from retrenching workers.
Employment figures in the industrial and service sectors increased for the sixth consecutive month in November.
The new loan programmes have a combined loan guarantee of 40 billion baht, and will be rolled out through six financial institutions.
Some 5.6 trillion won will be used for cash handouts to small businesses, temporary workers or freelancers, and taxi drivers.
The employment rate of university graduates of the class of 2019 fell, while the employment gap between men and women widened.
As the pandemic worsens an already tightening labour market, an increasing number of South Koreans have abandoned the search for jobs.
To make ends meet, more jobless middle-aged people have turned entrepreneurial and started their own small businesses.
Roles are set to change when companies’ adopt technologies that will transform tasks, jobs and skills, creating new employment opportunities.
However, Japan's job availability ratio improved, with 104 job openings for every 100 jobseekers as the economy begins a gradual recovery.
Chung Jaan Hao, COO of Pulsifi, explains and highlights what organisations need to take into consideration when planning their hiring for 2021.
For the third quarter, Singapore’s GDP shrank by 5.8% year-on-year, improving on Q2’s slump of 13.3%, with the outlook for 2021 looking optimistic.
Official figures released showed jobs rising by 178,800 for the month, an improvement from September’s numbers.
HR Minister Datuk Seri M Saravanan told Parliament that 2,713 SMEs have closed down from March to October this year.
COVID-19 has caused hiring in the country to decline by more than 50%, with more applicants vying for the same job.