According to the International Labour Organisation (ILO), Myanmar’s labor market declined in H1 2021.
ILO says Myanmar has witnessed ‘significant deterioration’ in its labor market condition since the military took power in February 2021.
According to ILO, employment downed by 6 percent in the second quarter of 2021 compared to the fourth quarter of 2020, reflecting 1.2 million job losses.
An estimated 14 percent of working hours were lost in the first half of 2021. Which is equal to the working time of at least 2.2 million full-time workers.
ILO said in a press release, women are estimated to have been impacted more than men in terms of both working-hour and employment losses.
Donglin Li, ILO Myanmar representative said, “Myanmar was already facing economic stress with jobs and livelihoods under threat as a result of the COVID-19 pandemic. 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.”
Country’s all sectors of the economy have been suffered, with construction, garments and tourism and hospitality among the hardest hit. In the first half of 2021, employment in these sectors reduced by an estimated 35 percent, 31 percent and 25 percent respectively, with even higher losses in relative working hours.