The official unemployment rate was 4.3 per cent in the March 2024 quarter, compared with 4 per cent in the previous quarter, according to figures just rele
Malaysia’s unemployment rate in December 2023 remained unchanged at 3.3% as in November but the number of unemployed persons continued to fall to 567,800 persons.
The unemployment rate rose in the December quarter but not by as much as the market had expected.
New data from Stats NZ today shows the unemployment rate
Malaysia’s economy has sustained positive growth during the first three quarters of 2023 and showed positive signs in October led by industrial production and retail sales, says the Statistics Department.
The economy was supposed to get a lot weaker and hiring was supposed to freeze up. Neither has happened. The U.S. is likely to show 170,000 new jobs in October.
Signs are pointing to a lower gross domestic product (GDP) number for the second quarter of this year (2Q23) but the economy is expected to be supported by domestic consumption, according to economists.
Malaysia’s gross domestic product (GDP) growth for the first quarter of 2023 (1Q23) is expected to record 5.6% versus 5% in last year’s corresponding quarter, says Bank Islam Malaysia Bhd (BIMB).
Labour market conditions in Malaysia are expected to continue improving this year, with more jobs available amid the recovery in domestic economic activities.
Average wages have surged in recent months but the latest unemployment stats show no relief after three months of nailbiting news about labour shortages.
W