Malaysia's labour market is expected to remain steady throughout 2024, supported by an expansion in economic activities. The unemployment rate is forecasted to be 3.2% for this year and 3.3% through 2024.
Cambodia ranks first in Asean and third among the 20 fastest growing economies in Asia with a growth rate of 6.1% in 2024PETALING JAYA: Malaysia ’s labour market is expected to remain steady throughout 2024, supported by an expansion in economic activities .
“We expect the labour market to remain stable throughout 2024, reflected in the continuous employment growth observed recently. This is largely attributed to the expected steady expansion in economic activities driven by strong domestic demand,” Kenanga Research said. “An expected recovery in the manufacturing sector, driven by the technology upcycle, as well as the realisation of approved investments recorded last year would further boost hiring activities in the coming months,” it said.
“The improving global trade environment and implementation of foreign direct investment projects in the pipeline could also lead to better employment conditions in the export-oriented sectors,” HLIB Research said. In an earlier report, UOB Bank Research said it expected several growth catalysts to keep Malaysia’s labour market conditions stable and in a technically “full employment” situation.
Cambodia ASEAN Economy Growth Rate Malaysia Labour Market Unemployment Rate Economic Activities GDP
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Penang ranks 11th in best value destinations for UK tourists in 2024PENANG has emerged to be an affordable place for UK travellers, ranking at 11th place in the latest Holiday Money Report from Post Office Travel Money...
Read more »
Elevete Patisserie Tampil Dengan Koleksi ‘Dessert’ Sempena Hari Raya AidilfitriKoleksi The Elevete Patisserie Raya 2024 boleh dibeli bermula hari ini sehingga 30 April 2024.
Read more »
Amir Hamzah: Unclaimed Moneys (Amendment) Bill 2024 tabled for first reading in ParliamentKUALA LUMPUR, March 11 — The Unclaimed Moneys (Amendment) Bill 2024 was tabled for first reading in the Dewan Rakyat today.Finance Minister II Datuk Seri Amir Hamzah Azizan who...
Read more »
Customs Dept: 87.8kg of drugs seized in Sarawak in first three months of 2024KUCHING, March 19 — The Royal Malaysian Customs Department has seized a total of 87.8kg of narcotics worth nearly RM2.6 million in Sarawak from January until March 12 this year,...
Read more »
Kor Ming: Drastic increase in open burning cases in first two months of 2024KUALA LUMPUR, March 30 There was a very drastic increase in the number of open burnings in the first two months of this year, contributed by among others, the extremely hot and dry...
Read more »
Adjournment of first parliamentary meeting of 2024 sine dine: a blessing in disguise — Hafiz HassanMARCH 31 — The First Meeting of the Third Session of the 15th Parliament — the first meeting for 2024 — was scheduled from February 6 — March 27, 2024. March 27...
Read more »