Malaysia sees increased job creation Q2 2024, unemployment holds steady at 3.3pc

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Malay Mail Logo Malay Mail 15h ago

Malaysia sees increased job creation Q2 2024, unemployment holds steady at 3.3pc - Malay Mail

Quick Summary:

PUTRAJAYA, Aug 23 — Unemployment continues to decline in the second quarter of 2024, in line with increased demand for l...

Meanwhile, the total hours worked during the second quarter of 2024 improved by 3.4 per cent registering a total of 9.61 billion hours.“Consequently, value added per hour worked increased by 2.4 per cent with a value of RM41.7 per hour (Q2 2023: RM40.7; Q1 2024: RM42.1),” he added.

Additionally, he said further expansion in exports along with potential investments flowing into the country also played important roles in strengthening the demand for labour.