JECI Poll, Nov 2008

In all the countries where we have been running the JobStreet.com Employee Confidence Index, November was a particularly bad month with their respective indices experiencing significant falls.

In Malaysia, the JobStreet Employee Confidence Index fell by two points to 47.6 points in November. This is now the lowest that the JobStreet ECI had sunk since the beginning of the year.

Singapore found its job seeker confidence eroding even further as the JobStreet ECI there sank to its lowest point of 43.2 points since Nov 2005. 

In India, the JobStreet ECI went down by 1.4 points to 61.1 points while in the Philippines, their JobStreet ECI lost ground to 56.7 points after attempting to hold steady in the past few months.

The JobStreet.com Employment Confident Index is a measurement of job seeker confidence in finding a job in the countries where we hold our monthly polls.

Comments

[Golfer]

The job market in Malaysia will be more sentiment later when come to the Q1 and Q2 of 2009. I think the main reason will be global economy recession. For Malaysia, today we are still very much depending on the manufacturing industries that export products to US and Europe market. Number of jobs will reduce drastically, or even retrenchment may happen. The main reason of retrenchment is due to more factories will have to downsize their operation or even stop operation.
The problem become more obvious when another batch of students graduate from school and start looking for job. They will have to compete with their seniors in the job market and make the situation worst.