Labour Market Rebounds In Q1 2022

Malaysia’s labour market rebounds in Q1 2022 - Bernama

PUTRAJAYA — Malaysia’s labour market rebounded in the first quarter of 2022, adding 148,520 jobs compared to the same quarter of the preceding year to record 8.57 million jobs, while the quarter-on-quarter basis increased by 41,400 jobs, said Chief Statistician Dr Mohd Uzir Mahidin.

He said the 8.57 million jobs recorded in the economic sector as businesses continued to operate during the National Recovery Plan phases were also in tandem with further expansion in global and domestic activities, fuelled by broader vaccination coverage and a further improvement in merchandise trade.

“The number of filled jobs in this quarter (Q1 2022) recorded an increase of 142,060 jobs to record 8.39 million jobs against 8.25 million jobs in the first quarter of 2021,” he said in a statement today following the release of the Employment Statistics, First Quarter 2022 report.

The report presents the labour demand statistics, encompassing jobs, filled jobs, vacancies and jobs created indicators by skill categories and economic activities.

Mohd Uzir said the manufacturing and services sectors continued to record positive growth of 3.6 per cent compared with 2.7 per cent in Q1 2021 and 1.9 per cent (Q1 2021: 1.0 per cent ) respectively.

Filled jobs were largely in the semi-skilled category, recording 5.24 million jobs or 62.5 per cent, followed by the skilled category with 2.07 million jobs (24.7 per cent ) and low-skilled with 1.07 million jobs (12.8 per cent), he added.

On job vacancies, he said it has consistently recorded positive year-on-year growth for two consecutive quarters and posted an increase of 6,460 vacancies to 184,320 job vacancies during this quarter (Q1 2021: 177,850).

Mohd Uzir said the labour market had gradually recovered consequent to the resumption of most economic and social activities, with the number of jobs created surging to 25,840 jobs during this quarter.

“For the record, this was the highest number recorded during the pandemic period and at the same time, surpassed the pre-pandemic level which recorded an average of 25,000 jobs created,” he said. – BERNAMA

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