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MIDF Research: Malaysia’s job market recovery continues, unemployment rate maintains at 3.6pc in December 2022

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KUALA LUMPUR, Feb 9 — Malaysia’s labour market recovery continued as the unemployment rate was maintained at 3.6 per cent in December 2022, MIDF Research said. In a...

KUALA LUMPUR, Feb 9 — Malaysia’s labour market recovery continued as the unemployment rate was maintained at 3.6 per cent in December 2022, MIDF Research said.

“Unemployment dipped further by 12.8 per cent y-o-y, marking the 16 consecutive months of contraction rate. It said the jobless rate averaged lower at 3.8 per cent but still higher than the pre-pandemic 2019’s average of 3.3 per cent. However, it said manufacturing employment rose slower than total employment growth at 3.2 per cent versus 3.5 per cent in 2022 respectively despite of booming external trade sector during the pandemic years.

 

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