Malaysia’s jobless rate highest since 1993
The Department of Statistics Malaysia (DOSM) has said the country’s unemployment rate increased 4.5% in 2020 – the highest in 27 years.
Unemployment in Hong Kong not just limited to grassroots level
While unemployment is severe among the lower class, middle-level occupations have also been badly hit by unemployment.
New Zealand’s unexpected jobless-rate drop rules out rate cuts
The unemployment rate fell unexpectedly and salaries increased, ruling out the probability that the central bank will reduce interest rates.
Japan’s youths hit hard by pandemic-led job losses
While the number of regular jobs increased 0.5% in 2020, that of non-regular jobs — including part-time roles — fell 3.9%.
Women in India hit harder in employment due to pandemic
Out of those who could retain their jobs, about 83% of women workers in India faced a severe income drop, said Oxfam India.
China created 11.86 million new jobs in 2020
The human resources ministry said the country’s employment situation improved quarter by quarter in 2020, exceeding expectations.
Australia sees unemployment fall to 6.6% in December
Although employment has recovered 90% of the fall from March to May, the recovery in part-time employment has outpaced full-time employment.
More South Korean workers are working two jobs
Among new recruits last December, some 407,000 people had experience working at a second job, data shows.
Singapore’s employment outlook remains cloudy even as economy mends
Though the overall unemployment rate is falling, hiring is not likely to surge in the short term.
Malaysian unions urge government to prevent retrenchments as MCO starts
The Malaysian Trades Union Congress had previously proposed emergency employment laws to be enacted to prevent businesses from retrenching workers.
Taiwan’s employment rose for sixth consecutive month
Employment figures in the industrial and service sectors increased for the sixth consecutive month in November.
New loan guarantees provide Thai SMEs with more financial flexibility
The new loan programmes have a combined loan guarantee of 40 billion baht, and will be rolled out through six financial institutions.
South Korea approves 9.3 trillion won jobs package
Some 5.6 trillion won will be used for cash handouts to small businesses, temporary workers or freelancers, and taxi drivers.
South Korean graduates face a job market with less openings
The employment rate of university graduates of the class of 2019 fell, while the employment gap between men and women widened.
More South Koreans disheartened with job search
As the pandemic worsens an already tightening labour market, an increasing number of South Koreans have abandoned the search for jobs.
More unemployed and middle-aged South Koreans start small businesses
To make ends meet, more jobless middle-aged people have turned entrepreneurial and started their own small businesses.
Automation will displace 85 million jobs by 2025: World Economic Forum
Roles are set to change when companies’ adopt technologies that will transform tasks, jobs and skills, creating new employment opportunities.
Japan’s October unemployment rate rises to three-year high of 3.1%
However, Japan’s job availability ratio improved, with 104 job openings for every 100 jobseekers as the economy begins a gradual recovery.
Why hiring in 2021 must see new strategies
Chung Jaan Hao, COO of Pulsifi, explains and highlights what organisations need to take into consideration when planning their hiring for 2021.
Singapore: Q3 GDP contracts at a slower pace of 5.8%
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.
Australia sees uptick in jobs for October, surpassing forecasts
Official figures released showed jobs rising by 178,800 for the month, an improvement from September’s numbers.
2,713 SMEs closed in Malaysia since MCO implemented
HR Minister Datuk Seri M Saravanan told Parliament that 2,713 SMEs have closed down from March to October this year.
Philippines: Hiring falls by more than 50%, fierce competition for jobs
COVID-19 has caused hiring in the country to decline by more than 50%, with more applicants vying for the same job.
Hong Kong Express pilots get pay cuts, ground staff go on unpaid leave
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 GDP shrank more slowly in Q3
Thailand’s economy contracted by 6.4% in the third quarter, improving from its 12.1% slump in the previous quarter.
South Korea suffers sharpest decline in jobs for October in six months
The number of unemployed people reached 1.03 million for the month as the South Korean economy continues to be impacted by the pandemic.
Two major oil companies announce jobs cut within a week
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.
India has entered a technical recession for the first time, says RBI official
Estimates show that India’s GDP is set to contract by 8.6% over Q3, marking two consecutive quarters of contraction.
Workers in Indonesia sent home without pay amid recession
With Indonesia falling into its first recession in 22 years, an increasing number of workers are being laid off without pay.
Malaysia’s GDP falls 2.7% in 3Q, marking a softer decline from Q2’s plunge
The country’s net exports showed a strong rebound of 21.9% over the quarter.