As of July this year, some 150,000 formal workers have lost their jobs, while over 768,700 individuals remain unemployed.
The government's current priority is to create as many new and quality jobs as possible to build a sustainable economy.
The number of roles still available comes after almost 16,200 job seekers were placed in positions within the sector at end-May.
Lars Schmidt, a keynote speaker at HR Tech Festival Asia Online 2021, examines how HR is being redefined.
COVID-19 curbs slowed down job growth in July, although the country reported job additions for its fifth consecutive month.
To help people find jobs, the government has allocated RM2 billion (US$0.47 billion) under the PenjanaKerjaya programme.
The number of unemployed people declined by 12.4%, marking the largest quarterly percentage fall in unemployment since 1986.
The unemployment rate in the country fell to 6.95% in July – the lowest in four months, an indication of possible recovery in the labour market.
The Council for the Development of Cambodia (CDC) has approved eight new projects worth US$71.4 million expected to create over 9,500 jobs.
The recovery was attributed to hiring at pandemic-hit restaurants and retailers as the state of emergency was lifted in some areas.
Resident employment for citizens and permanent residents continued to expand, though at a slow pace due to stricter pandemic measures from May 16.
A US$400-million (₱20.1-billion) loan from the Asian Development Bank (ADB) will expand employment and skills programmes for youth in the country.
Steve Boese, President and Co-Founder of H3 HR Advisors, explains how a skills-centred approach to talent management is manifesting in HR technology.
Some 859,000, or 19.1% of 4.49 million economically inactive people aged 15 to 29 were preparing for job exams in May.
Statistics Korea’s data showed that it takes an average of 10.1 months for Koreans aged between 15 and 29 to land their first job.
Some 213,000 people are still out of jobs, but this is 20,200 fewer than the preceding quarter, as Hong Kong's labour market continues to recover.
In the first half this year, 56,253 local companies have registered their businesses, bringing the total number to 1.38 million.
The surveyed urban unemployment rate averaged at 5.2%, down 0.6 percentage points year-on-year, as China's economic recovery continues to gain pace.
In June, the country added 582,000 jobs year-on-year, marking four consecutive months of growth in employment numbers.
The government has been urged to balance the employment needs of local workers while remaining open to foreign investment and manpower
Last year, economic contributions from the sector had already expanded by 4.8%, as digitalisation gains pace in Singapore.
Workers will now be eligible for handouts of up to NT$20,000 in subsidies over four months if they find a new full-time job.
There were 75,000 connections made between jobseekers and employers in June, with a total of 34,212 job seekers newly registered.
The overall unemployment rate in the country trended down in May, falling marginally from 2.9% in the previous month.
The Skills Priority List, which provides a future demand rating for occupations nationwide, will be used to enact relevant employment policies.
Companies with five or more permanent staff are planning to hire 24% more employees in the six-month period ending this September.
President Rodrigo Duterte has signed an executive order to implement a recovery strategy for the country’s labour market.
According to a survey by the Australian Bureau of Statistics (ABS), 27% of businesses have difficulty in finding suitable staff.
The Australian central bank is committed to maintaining a monetary policy that will support the country’s employment and inflation goals.
The Employers Confederation of the Philippines (ECOP) is leading several business groups in pledging to create at least 1 million new jobs.