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

Senior Frontend Developer

Diversion

Tel Aviv-Yafo, Israel, United States

Full Time

Salary Undisclosed

Technical Co-founder

StandardCode

San Francisco, United States

Full Time

USD 100000 — USD 150000 yearly

Junior Marketing Manager & Executive Assistant

Lightmeter

London, United Kingdom, United States

Full Time

USD 20000 — USD 60000 yearly

Solution Building Associate

Navattic

New York, United States

Contract

Salary Undisclosed

Head of Success - Onboarding and Support

Plato

San Francisco, United States

Full Time

Salary Undisclosed

Shipyard Facilities Mechanic

Gallons & Grapes Pte Ltd

Singapore

Full Time

SGD 800 — SGD 1200 monthly

Project Coordinator

Recruit Advance

Joo Koon, Singapore

Full Time

SGD 2000 — SGD 2500 monthly

Macroeconomic Modeler

Theorem LP

San Francisco, United States

Full Time

Salary Undisclosed

Founding Infrastructure/Cloud Architect

Poly

Los Angeles, CA, United States

Full Time

Salary Undisclosed

Full Stack Developer - Contract to Hire

Buoyant Aero

San Francisco, United States

Contract

USD 80000 — USD 200000 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 - 2022 BEAMSTART. All Rights Reserved (Legal).