Business

Private sector jobs drop to 8.45 mil in Q4 2020

Decline shows slower labour demand from resurgence of Covid-19 cases, ensuing lockdown, says chief statistician

Updated 5 years ago · Published on 09 Feb 2021 8:30PM

Private sector jobs drop to 8.45 mil in Q4 2020
The semi-skilled jobs category dominated the filled vacancies in Q4 2020, with a share of 62.6%. – The Vibes file pic, February 9, 2021

KUALA LUMPUR – The number of jobs available in the private sector stood at 8.45 million in the fourth quarter of last year (Q4 2020), a decrease of 204,000 jobs, compared with 8.66 million recorded in Q4 2019, the Statistics Department said.

Chief statistician Datuk Seri Mohd Uzir Mahidin said the decline indicates slower labour demand resulting from the resurgence of Covid-19 cases and ensuing containment measures during the quarter.

“The jobs are largely in the semi-skilled category at 62.4%, followed by skilled (24.4%) and low-skilled (13.2%),” he said in a statement in conjunction with the release of the Employment Statistics Q4 2020 report today.

He said 51.6% of the jobs during the period were in the services sector, followed by manufacturing (26.7%), construction (15.2%), as well as agriculture, mining and quarrying (6.5%).

Uzir said the rate of filled jobs stood at 97.9%, or 8.28 million in Q4, compared with 8.29 million in Q3.

He said the semi-skilled jobs category dominated the filled jobs in Q4 with a share of 62.6%, rising from 62.4% in Q3, whereas skilled jobs accounted for 24.4%.

Quarter-on-quarter, almost all sectors recorded lower numbers of filled jobs, except in the manufacturing sector, where it rose by 5,900 filled jobs to 2.16 million.

Uzir said there were 176,000 job vacancies in Q4, lower by 3,400 from the previous quarter, while year-on-year, the job vacancies were lower by 22,000.

He said job vacancies in the quarter were largely semi-skilled jobs (98,200), followed by skilled jobs (40,500).

“Job vacancies by economic sectors were primarily in manufacturing (55.6%) – mostly in the sub-sector of electrical, electronic and optical products (17.6%), followed by petroleum, chemical, rubber and plastic products (10.5%).”

Chief statistician Datuk Seri Mohd Uzir Mahidin says Q4 2020 was challenging for the labour market due to Covid-19 and the reimposition of lockdowns. – Bernama pic, February 9, 2021
Chief statistician Datuk Seri Mohd Uzir Mahidin says Q4 2020 was challenging for the labour market due to Covid-19 and the reimposition of lockdowns. – Bernama pic, February 9, 2021

Uzir said 16,700 jobs were created in the private sector amid the slower economic performance caused by the Covid-19 crisis in Malaysia.

“However, compared with the previous quarter, the number of jobs created fell by 4,300.”

In terms of skills, semi-skilled jobs creation accounted for 63.2% (10,600 jobs), followed by skilled (29.5%/4,900 jobs) and low-skilled (7.3%/1,200 jobs).

He said most of the jobs created were in the manufacturing sector, accounting for 6,800 jobs (40.5%), mainly in the electrical, electronic and optical products sub-sector.

He added that the wholesale and retail trade subsector posted the highest jobs created in the services sector with 2,100 jobs (12.7%).

Uzir said Q4 2020 was indeed challenging for the labour market due to the impact from the third wave of Covid-19 and the reimposition of the conditional movement control order, with stricter rules in selected areas of the country, particularly in the last two months of last year.

“Undoubtedly, the daily economic activities were adversely affected, especially for local businesses and small enterprises.

“Thus, with the Malaysian Economic and Rakyat’s Protection assistance package, it is hoped that the economy will be manageable and able to provide more opportunities for businesses to recover this year, and subsequently create more jobs.” – Bernama, February 9, 2021

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