The unemployment rate edged down to 4.7% in July (Jun: 4.9%) with more businesses reopening and resuming its operations. During the same period, the number of unemployed persons decreased by 28.2 thousand to 745.1 thousand persons (Jun: 773.2 thousand persons). Year-on-year, the number of unemployed persons increased by 220.3 thousand persons as against July 2019 (524.8 thousand persons).
The number of employed persons continued to grow by 0.6% mom in July after recording a growth of 0.7% mom in June. The number of employed persons went up to 15.07 million persons. The employment-to-population ratio increased to 64.9% in July (Jun: 64.7%).
As the permission to operate extended to more sectors including tourism, education, arts, entertainment & recreational activities, the total labour force grew by 55.0 thousand persons to 15.82m persons compared to June 2020. Year-on-year, labour force registered an increase of 113.9 thousand persons (0.7%) from 15.70m persons (July 2019). The LFPR in July remained at 68.1%. However, it was lower by 0.4 percentage points as against the same month of the previous year.
Source: BIMB Securities Research - 14 Sept 2020
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 09, 2024
Created by kltrader | Aug 09, 2024