Page 22 - Policy_Economic_Report_September2020

Policy and Economic Report:
Oil & Gas Market

Employment

The unemployment rate in the country fall to 6.4 per cent in September 2020. This marks the lowest
unemployment rate in a long time. However, economists warn that it is hardly a reason to celebrate as
labour market metrics for the month of September so far indicate deterioration in conditions compared
to the situation in August and also compared to the earlier months since the recovery.

Salaried employees are among the worst hit due to the pandemic. While other types of employment have
recovered most of their initial losses and some have even gained in employment, salaried employees
continue to suffer increasing job losses. Despite an increase in entrepreneurship, no significant increase
in salaried jobs have been noticed over the month.

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September 2020