Overseas employment slump for Bangladeshis eases, fanning hopes of recovery

08:36, April 02, 2010      

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The slump in overseas employment for Bangladeshis eased to 12.98 percent in March, the government data showed Thursday, raising hopes of recovery from the shocks of global financial meltdown.

The Bangladeshi government's Bureau of Manpower, Employment and Training (BMET) Director General In-charge, Hazrat Ali, told Xinhua Thursday, "nearly 100,000 Bangladeshis found overseas jobs in January-March period of 2010."

He said overseas jobs for Bangladeshis in March was over 41 percent higher than that in February this year.

With 38,244 overseas jobs in March, highest monthly figure so far this year, the BMET data showed overall overseas employment in the first quarter of 2010, however, fell by over 27 percent compared to the same period a year ago.

Overseas jobs for Bangladeshis plunged 33 percent to 33,847 in January and 38 percent to 27,039 in February this year, the BMET data showed.

During the January-March, 2009, overseas employment for Bangladeshis fell by 38 percent to 138,000 from a year earlier, recording a continued slide in foreign jobs amid recession as a number of companies in Middle Eastern Asian countries, prime destinations of job seekers, downsized infrastructure development activities.

According to the BMET officials, overseas employment scenario in February 2010 was the worst in last five years since the country emerged as the prime source of workforce across the world.

"The March data, however, shows the situation is improving as the developed countries particularly major gulf economies started to riding out the recession," Ali said adding sector insiders ( recruiting agencies) are also expecting good days ahead.

The BMET data shows a large chunk of Bangladeshis found overseas jobs in the United Arab Emirates (UAE) in January-March period followed by Libya, Qatar, Oman and some other oil rich Persian gulf states.

Bangladesh Association of International Recruiting Agency, the apex body of recruiting agencies in the country, earlier projected that overseas jobs for Bangladeshis will mark rise from the second quarter of this year.

Bangladesh expects over half a million overseas jobs for the country's skilled and semi-skilled workforce in 2010, Khandker Mosharraf Hossain, the country's Minister for Expatriates' Welfare and Overseas Employment, had earlier told Xinhua.

His expectation comes after 475,278 Bangladeshis found overseas jobs in 2009, a 46 percent fall from the previous year.

Despite the negative trend in overseas employment, the sector fetched 10.72 billion U.S. dollars in remittance, one of the major sources of the foreign currency earning, from over 6 million Bangladeshis, living and working over 100 foreign countries, at the end of 2009.

The bulk of remittances, which contribute to around 11 percent of the GDP for Bangladesh, comes from Middle East countries including the UAE, Saudi Arabia and Kuwait, followed by Malaysia, Singapore, South Korea, Italy, Britain and the United States.

Source:Xinhua

(Editor:黄蓓蓓)

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