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The constructive month-on-month progress of employed individuals stood at 0.2% (+37.5 thousand individuals), with 15.69mn individuals employed within the month (December 2021: 15.65mn individuals).
Malaysia’s labour drive continued to see enhancements in January 2022, with all states having moved to Section 4 of the Nationwide Restoration Plan. This progress was led by the continual rise in employment whereas unemployed individuals trended down, the Division of Statistics Malaysia (DOSM) famous on Wednesday (9 March 2022).
An analogous pattern was additionally noticed within the year-on-year comparability, with a big improve within the labour drive.
General, the info showcased the next:
Employment
In January, the constructive month-on-month progress of employed individuals stood at 0.2% (+37.5 thousand individuals), with 15.69mn individuals employed within the month (December 2021: 15.65mn individuals).
In the meantime, the variety of employed individuals remained on an rising pattern year-on-year by registering a progress of two.9% (448,800 individuals). In January 2021, the quantity stood at 15.24mn individuals employed.
By financial sector, the variety of employed individuals in companies persistently recorded a month-on-month improve, significantly in meals & drinks companies, wholesale & retail commerce, and knowledge & communication actions; whereas the manufacturing and development sectors additionally noticed progress in employment.
Quite the opposite, the agriculture and mining & quarrying sectors noticed a declining pattern in employment, what has been persevering with for the previous 18 months.
In keeping with DOSM, the employment-to-population ratio, which signifies the power of an financial system to create employment, rose by 0.1 proportion factors (pp) to 66.2% in January, as in comparison with 66.1% within the earlier month. Likewise, on year-on-year foundation, the ratio grew by 1pp from 65.2% in January 2021.
Unemployment
On the unemployment entrance, Malaysia recorded an extra decline in unemployed individuals in January 2022 (680,400 unemployed), which was a 1.1% lower (-7,300 individuals) from the quantity recorded in December 2021 (687,600).
In whole, the unemployment price within the month of January stood at 4.2%.
Trying on the year-on-year knowledge — the variety of unemployed individuals in January 2022 posted a lower of 13.1% (equal to 102,200 individuals), from 782,500 individuals in January 2021. Subsequently, the unemployment price dropped by 0.7pp (January 2021: 4.9%).
Per DOSM’s replace, the important year-on-year lower was due the implementation of the motion management order in Peninsular Malaysia in January final 12 months.
Picture / DOSM
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