COVID-19: Malaysia’s labour market shows signs of recovery; unemployment rate falls to 4.7% in July

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KUALA LUMPUR: While Malaysia's labour market has shown signs of improvement, more has to be done to accelerate the country's economic recovery so ...

KUALA LUMPUR: While Malaysia's labour market has shown signs of improvement, more has to be done to accelerate the country's economic recovery so to create more jobs and achieve full employment, said Minister in the Prime Minister’s Department Mustapa Mohamed.

“Although the labour market keeps improving as targeted, the government is aware that there are still 745,100 people unemployed, which is higher than the national average of 494,000 for the period of 2016 to 2019,” he said.READ: As Malaysia reopens its economy amid COVID-19, how can it protect and nurture the tech sector?

“The Industrial Production Index which includes three main sectors which are mining, manufacturing and electronics saw a 2.1 per cent growth in July,” he said.

 

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