Stats Dept: Malaysia’s labour market momentum escalated in Q1 2022

  • 📰 malaymail
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

PUTRAJAYA, May 20 — Malaysia’s labour market momentum escalated in the first quarter of 2022 (Q1 2022) as both demand and supply ascended further, according to the Department...

PUTRAJAYA, May 20 — Malaysia’s labour market momentum escalated in the first quarter of 2022 as both demand and supply ascended further, according to the Department of Statistics Malaysia .

“More people proceed to conduct business and social activities while ensuring compliance to the standard operating procedures, thus prompting a rise in people’s mobility within and across the states. From the perspective of labour supply in the first quarter of 2022, Mohd Uzir said the number of employed persons edged up by 2.2 per cent to register 15.57 million persons as against the same quarter of preceding year which recorded 15.24 million persons.

A larger magnitude of employment growth than the decrease in unemployment led the number of labour force to ascend by 1.5 per cent to 16.25 million persons in this quarter.“Although this was the highest LFPR registered since first quarter of 2020, the rate was slightly lower by 0.1 percentage point recorded in the fourth quarter of 2019 which was the quarter before the Covid-19 outbreak,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines