The labour market may find its path to recovery following the implementation of various government initiatives, as well as creative and innovative new business models adopted by industry players, said Malaysia chief statistician Datuk Seri Mohd Uzir Mahidin
The department advised caution in interpreting the monthly statistics, as they were non-seasonally adjusted. The number of self-employed workers also decreased by 161,500 to 2.42 million in May against the previous month. "Various packages injected by the Government to stimulate the economy, coupled with the announcement of recovery MCO beginning June, is expected to slightly improve the labour
Outside labour force recorded an inflow of 47,000 persons as against April 2020, bringing the total total number to 7.39 million. To cushion the economic predicament and the consequences it brought to the labour market, the Government issued various packages to stimulate recovery. "If this group of people were adjusted as unemployed in the absence of work following the MCO, the unemployment rate would have been much higher," it noted.