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

Founding Partnership Growth

Chariot

New York, United States

Full Time

USD 80000 — USD 150000 yearly

Senior Software Engineer

Epixel MLM Software

Kochi, India

Full Time

Salary Undisclosed

Brand Ambassador

LeaseSimple

United States,

Internship

Salary Undisclosed

Sr. Developer Advocate - Hacker News

Doppler

San Francisco, United States

Full Time

USD 150000 — USD 170000 yearly

Alumni Community Manager

Y Combinator

Mountain View, United States

Full Time

USD 140000 — USD 160000 yearly

Operations Manager, Fulfillment Operations

ShipBob

Chicago, IL, United States

Full Time

USD 59770 — USD 90000 yearly

Director of Engineering

SnapEDA

San Francisco, United States

Full Time

USD 185000 — USD 265000 yearly

Strategy & Operations Specialist (Must apply via LinkedIn)

Legacy

Cambridge, MA, United States

Full Time

USD 65000 — USD 75000 yearly

Application Engineer (Electrical Engineer, Hybrid in San Jose, Ca office)

JITX

Berkeley, CA, United States

Full Time

USD 130000 — USD 182744 yearly

Founding BDR

OneSchema

San Francisco, United States

Full Time

USD 70000 — USD 100000 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 - 2023 BEAMSTART. All Rights Reserved (Legal).