KUALA LUMPUR, May 12 (NNN-BERNAMA) – Malaysia’s labour demand continued an upward trend, in the first quarter, with total jobs recorded an increase of 2.7 percent, surpassing the same period in 2019, official data showed, yesterday.
The Department of Statistics Malaysia (DOSM), said in a statement, the first quarter saw an increase of 233,700 jobs in the economic sector, to record 8.81 million jobs, as compared to 8.57 million jobs in the first quarter of 2022.
DOSM said, the trend indicates the country’s gradual economic recovery, adding that, the number of jobs in this quarter was the highest throughout the time series since 2018.
A similar trend was also observed for the number of filled jobs, which edged up by 2.7 percent, recording 8.61 million jobs in the first quarter, as compared to 8.39 million jobs a year ago.
Job vacancies had also increased to 192,600 jobs during this quarter, largely in the manufacturing sector.
Despite the expectation that the economic growth momentum would lose steam this year, amid global recessionary risks, DOSM said, business activities in Malaysia have continued to grow, contributing to more job opportunities, hence strengthening Malaysia’s labour market.
“Labour market position is also anticipated to remain stable, and expanding in the upcoming months, led by the current development of economic activity in Malaysia,” it said.– NNN-BERNAMA