HR minister: Labour market projected to improve in second quarter of 2021 | Malay Mail

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HR minister: Labour market projected to improve in second quarter of 2021

PUTRAJAYA, Aug 12 — The country’s labour market performance is projected to improve in the second quarter of this year with the unemployment rate estimated at 4.6 per cent compared to 4.8 per cent in the first quarter of 2021 and the fourth quarter of 2020.

“This stability is supported by a decline in the job loss rate among private sector workers which declined by 12 per cent,” he said in a statement on the labour market report. Saravanan said the report also found that the job market recovery for the first quarter of 2021 was in the form of a ‘trapezoid’ which reflected the trend of persistent imbalance between jobseekers and job opportunities.

The report, prepared by the EIS-UPMCS Centre for Future Labour Market Studies , a collaborative research centre between Socso’s Employment Insurance System Office and Universiti Putra Malaysia Consultancy & Services , can be obtained at https://eiscentre.perkeso.gov.my.

 

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