KUALA LUMPUR, June 23 — Malaysia’s labour market is expected to strengthen further in the second half of 2022 , underpinned by the return of workers from Indonesia today.
MIDF Amanah Investment Bank Bhd said employment of labourers had declined by 1.8 per cent in 2020 and 2.9 per cent in 2021 — a total of more than 100,000 workers leaving the workforce due to the Covid-19 pandemic.“Malaysia’s unemployment rate is projected to trend lower this year to 3.8 per cent in 2022 from 4.6 per cent in 2021, underpinned by the domestic reopening and strong economic fundamentals,” the research firm said in a note today.
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