Myanmar loses 1.2 million jobs in second quarter: ILO

Closed shops in Yangon: Feeling the heat of a double-whammy crisis

Coup-torn and Covid-19 ravaged Myanmar lost an estimated 1.2 million jobs or six per cent of total employment in the second quarter 2021 following the military takeover on February 1 that shattered an economy already weakened by the coronavirus pandemic, the International Labour Organisation (ILO) said in a statement released on July 19.

In the first half of 2021, an estimated 14 per cent of working hours were lost, which is equivalent to the working time of at least 2.2 million full-time workers.

The job losses are greater when compared to the pre-pandemic final quarter of 2019 with about 3.2 million, or 15 per cent of all workers, no longer employed, according to the ILO.

Rapid deterioration of the employment situation

“Myanmar was already facing economic stress with jobs and livelihoods under threat as a result of the Covid-19 pandemic,” Donglin Li, the United Nations labour agency’s representative for Myanmar, said in a statement.

“However, the estimates show a serious and rapid deterioration in employment in the first half of this year on a scale that could drive many in Myanmar into deep poverty,” he added.

Covid-19 and political crisis destabilised the economy

The ILO said the political crisis had “exacerbated the severe impacts of Covid-19” and had “extensively destabilised the economy and halted an expected economic recovery.” The employment trends during the first half of 2021 indicated “considerable losses in both employment and working hours,” with women estimated to have been impacted more than men.

While all sectors of the economy have been impacted, construction, garments, as well as tourism and hospitality are among the hardest hit, with employment dropping by 35 per cent, 31 per cent and 25 per cent, respectively, in the first half of this year, according to the agency’s report.



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Closed shops in Yangon: Feeling the heat of a double-whammy crisis Coup-torn and Covid-19 ravaged Myanmar lost an estimated 1.2 million jobs or six per cent of total employment in the second quarter 2021 following the military takeover on February 1 that shattered an economy already weakened by the coronavirus pandemic, the International Labour Organisation (ILO) said in a statement released on July 19. In the first half of 2021, an estimated 14 per cent of working hours were lost, which is equivalent to the working time of at least 2.2 million full-time workers. The job losses are greater when...

Closed shops in Yangon: Feeling the heat of a double-whammy crisis

Coup-torn and Covid-19 ravaged Myanmar lost an estimated 1.2 million jobs or six per cent of total employment in the second quarter 2021 following the military takeover on February 1 that shattered an economy already weakened by the coronavirus pandemic, the International Labour Organisation (ILO) said in a statement released on July 19.

In the first half of 2021, an estimated 14 per cent of working hours were lost, which is equivalent to the working time of at least 2.2 million full-time workers.

The job losses are greater when compared to the pre-pandemic final quarter of 2019 with about 3.2 million, or 15 per cent of all workers, no longer employed, according to the ILO.

Rapid deterioration of the employment situation

“Myanmar was already facing economic stress with jobs and livelihoods under threat as a result of the Covid-19 pandemic,” Donglin Li, the United Nations labour agency’s representative for Myanmar, said in a statement.

“However, the estimates show a serious and rapid deterioration in employment in the first half of this year on a scale that could drive many in Myanmar into deep poverty,” he added.

Covid-19 and political crisis destabilised the economy

The ILO said the political crisis had “exacerbated the severe impacts of Covid-19” and had “extensively destabilised the economy and halted an expected economic recovery.” The employment trends during the first half of 2021 indicated “considerable losses in both employment and working hours,” with women estimated to have been impacted more than men.

While all sectors of the economy have been impacted, construction, garments, as well as tourism and hospitality are among the hardest hit, with employment dropping by 35 per cent, 31 per cent and 25 per cent, respectively, in the first half of this year, according to the agency’s report.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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