KUALA LUMPUR, Nov 19 ― The gradual recovery in the labour market in the third quarter of 2021 was supported by transition to the National Recovery Plan , coupled with the rise in vaccination rate, according to the Department of Statistics Malaysia .
Mohd Uzir said the number of employed persons recorded an increase of 1.2 per cent to 15.27 million after rising by 2.2 per cent in the previous quarter, while the number of unemployed rose by 0.2 per cent to 746,200 and the unemployment rate was unchanged at 4.7 per cent. On labour demand, Mohd Uzir said the total number of jobs in the private sector reduced 0.8 per cent to 8.41 million in 3Q 2021 compared to 8.47 million in the same quarter last year.
“The 3Q 2021 saw lower number of jobs created at 15,000 compared to 21,000 jobs created in the same quarter a year ago,” he said. Hence, Mohd Uzir said long-term ideal interventions may enable better absorption of labour supply into the labour market, and ultimately guarantee rise in efficiency, as well as economic growth.
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