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.
HK Express has requested all 200 of its pilots to sign new contracts with further cuts in salaries and allowances of up to 40%.
Thailand’s economy contracted by 6.4% in the third quarter, improving from its 12.1% slump in the previous quarter.
The number of unemployed people reached 1.03 million for the month as the South Korean economy continues to be impacted by the pandemic.
Chevron could slash 10% of jobs in its Singapore operations – within a week of Shell’s announcement that it will cut 38.5% of its workforce.
Estimates show that India’s GDP is set to contract by 8.6% over Q3, marking two consecutive quarters of contraction.
With Indonesia falling into its first recession in 22 years, an increasing number of workers are being laid off without pay.
The country’s net exports showed a strong rebound of 21.9% over the quarter.
The Philippine economy shrank for a third consecutive quarter, though at a slower rate compared to second quarter’s plunge of 16.5%.
The percentage of workers “temporarily laid off” by small and medium sized companies rose sharply from 28.0% in August to 50.1% in September.
The pandemic has caused some 2.56 million people to lose their jobs, raising Indonesia’s open unemployment rate to its highest since 2011.
Workers in their 30s have been hit the hardest, with the unemployment rate exceeding 70% for this group.
The Malaysian government has assured the 2,647 retrenched staff of Malindo Airlines that they will receive due compensation and retraining.
The company that handles ground services for the Hong Kong International Airport will axe 340 staff from next month.
The extension by the Hong Kong Mortgage Corporation (HKMC) comes amid rising unemployment and recession due to COVID-19.
The latest announcement by comes as the ailing airline continues to struggle against the backdrop of the COVID-19 pandemic.
Robinson is the latest high-profile company to cease operations in Singapore at a time when unemployment is on the rise.
The Hong Kong carrier announced it will be changing the contracts of its pilots and cabin crew as part of its restructuring exercise.