Malaysia’s labour market sustains upward trend in Q2 2023, says Stats Dept

KUALA LUMPUR, Aug 25 — The labour market increased by 2.4 per cent in the second quarter of 2023, with a record of 16.73 million persons despite slower growth in employment and a smaller decline in unemployed persons, according to the Department of Statistics Malaysia today.

“Increased demand for labour by industries has resulted in an increase in employment although at a slower pace in Q2 2023, leading to a reduction in the unemployment rate compared to a year ago. Commenting on the labour demand situation in Q2 2023, he said jobs in the private sector increased by 2.4 per cent to 8.83 million jobs.

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