5/11/2021 10:31:14 AM GMT | By Pablo Piovano The jobless rate in Malaysia eased to 4.7% in March and is seen around 4.0% by year-end, suggested Senior Economist at UOB Group Julia Goh and Economist Loke Siew Ting. Key Quotes “The nation’s unemployment rate moderated for the second straight month to 4.7% in Mar (from 4.8% in Feb). It was mainly due to the relaxation of COVID-19 containment measures during the month. The number of unemployed people reduced by 24.3k or 3.1% m/m to 753.2k (Feb: -5k or -0.6% m/m to 777.5k), while the labour force participation rate rose to a one-year high of 68.6% (Feb: 68.5%).”