Malaysia's jobless rate shoots up to 5%, highest since 1990.

The numbers are expected to rise in the coming months.


Alfred Lee

15 Jun, 2020

Malaysia's jobless rate shoots up to 5%, highest since 1990. | BEAMSTART News

- From our Sponsors -

Malaysia's unemployment rate spiked to 5% as of April 2020, affecting approximately 778,800 people, according to a statement by Malaysia's Chief Statistician.

As of April 2020, the working population decreased by 156.4k people, totalling to 14.93 million people still being employed.

People most affected were in manufacturing, hospitality, F&B, entertainment/recreation, and retail sectors.

Chief Statistician of Malaysia, Datuk Seri Dr Mohd Uzir Mahidin.

This figure is the highest unemployment rate since 1990, and is expected to rise despite the economy being reopened, as purchasing power has severely decreased since lock-downs.

At the same time, consumer behaviour has dramatically changed since the lock-downs, with many people still staying indoors (and not traveling) despite the country reopening.

“During this period, companies will have the tendency to reduce the number of employees to ease the burden of operating costs despite predicting a decline in their business revenue", mentioned Chief Statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin.

- From our Sponsors -

Latest Jobs

VP of Engineering

BlueCargo

California,

Full Time

USD 200 — USD 275 yearly

Software Engineer

GovEagle

New York,

Full Time

USD 120000 — USD 200000 yearly

Founding Engineers (Multiple Positions, Intermediate to Staff Level)

Sample

California,

Full Time

USD 130000 — USD 250000 yearly

Software Engineer (Infrastructure)

Greptile

California,

Full Time

USD 140000 — USD 180000 yearly

Senior Full Stack Engineer, US

LiveFlow

New York,

Full Time

USD 100000 — USD 200000 yearly

Frontend Software Engineer

Freshpaint

Full Time

USD 190000 — USD 230000 yearly

Content Writer

Reframe (Glucobit)

Georgia,

Full Time

USD 60000 — USD 75000 yearly

Founding Sales

Momentic

California,

Full Time

USD 150000 — USD 180000 yearly

Founding Sales Executive (First Sales Hire)

Corgea

California,

Full Time

USD 80000 — USD 140000 yearly

Founding Business Development Representative

Phonely

California,

Full Time

USD 80000 — USD 1000000000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).