In its 2021 Government Work Report delivered in early March, the government highlighted its plan to create 11 million jobs in 2021.
Employers are taking a wait-and-see approach when it comes to hiring, says the Malaysian Employers Federation (MEF).
The scheme will see the government subsidise half of the wages for 70,000 apprentices for 12 months, incentivising businesses to hire younger workers.
In February, 114,101 newly unemployed workers registered for financial aid, while 487,143 people updated their unemployment status.
Some 63.6% of the largest 500 companies in South Korea surveyed said that they have no plans for recruitment.
The Centre for Monitoring Indian Economy (CMIE) has said the country’s unemployment rate has fallen to 6.9% in February from 7.3% last July.
Premier Li Keqiang has said China plans to create more than 11 million new urban jobs this year, an increase from last year's goal of over 9 million.
The government aims to help small shop owners and firms set up a smart business system to support their transition into contactless operations.
The Ministry of Labor (MOL) has said the demand for workers should rise in Q2 this year due mainly to the expansion in the electronics sector.
Despite the country being in a pandemic state of emergency, its unemployment rate declined and job availability increased, government statistics revealed.
Based on the country’s present demographics, the working population is projected to increase by 12 million annually.
The government also aims for the digital economy to contribute to 22.6% of the country’s gross domestic product in four years.
Poor English proficiency and skills mismatch among graduates are reasons why they are less desirable in the job market, says MEDAC minister.
The National Employment Council estimates that over 160,000 new jobs will be created this year through committed investments.
The government announced a range of Budget 2021 measures aimed at helping workers and businesses to land jobs and sustain operations amid the pandemic.
Service industries that require face-to-face interactions are expected to have a slower recovery as compared to other sectors.
The Prime Minister’s Office (PMO) has said that more than 160,000 jobs are expected to be created in 2021 through investments in human capital.
Payroll jobs had the largest increases in the states of Queensland, up by 2.8%, and South Australia, up by 2.4%.
The end goal is to have "greater porosity" between the public sector and the outside world, said Minister Chan Chun Sing.
Key government agencies have signed a joint memorandum circular to set up the National Employment Recovery Strategy (NERS) Task Force.
The Malaysian Institute of Economic Research (MIER) said the local economy has the capacity to create 70,000 jobs for every 1% increase in its GDP.
The unemployment rate fell unexpectedly and salaries increased, ruling out the probability that the central bank will reduce interest rates.
At the end of 2020, resident employment increased by 28,900, rising for the second consecutive quarter after growing 43,200 in 3Q.
The third phase of the country’s wage subsidy programme will receive an additional injection of RM500 million.
A recent government press release showed that the manufacturing and service sectors created the most jobs in the country over the last decade.
The human resources ministry said the country’s employment situation improved quarter by quarter in 2020, exceeding expectations.
Industries like Essential Domestic Services, Modern Services and Built Environment are most likely to hire new talent despite market outlook.
The proportion of teleworkers fell to 22% in mid-January, from 31.5 % in May 2020, when the country was under its first state of emergency.
Although employment has recovered 90% of the fall from March to May, the recovery in part-time employment has outpaced full-time employment.
Twenty-nine organisations from the Trade Associations & Chambers (TACs) have pledged their support for fair hiring and employment practices.