PUTRAJAYA, May 19 — The labour market has expanded 2.5 per cent in the first quarter of this year with 16.65 million persons compared to 16.25 million persons in the same period last year, according to the Labour Market Review First Quarter 2023 released by the Department of Statistics Malaysia today.
“Strong domestic demand has created a favourable environment for the industry resulting in an increase in production and higher labour demand,” he said in a statement today. “The continued decrease in the unemployment rate and the increase in job opportunities show positive momentum in the labour market and create a solid foundation for sustaining consumer spending and economic development,” he said.
He said labour demand in the country had improved as shown by the 22.7 per cent growth in the number of jobs of which 31,700 were created.