KUALA LUMPUR: The variety of unemployed in November 2021 lowered to under 700,000 individuals for the primary time, the lowest since April 2020, in line with the Statistics Department.
In an announcement, chief statistician Dato Seri Dr. Mohd Uzir Mahidin stated the labour power state of affairs in November 2021 held regular with persevering with employment development and lowering the variety of unemployed individuals because the revival of extra financial and social actions had stimulated a optimistic vibe to the labour market.
“November 2021 also saw another five states had moved into Phase 4 of the National Recovery Plan except for Kelantan and Sarawak which were still in Phase 3.
“Additionally, the completed overall vaccination rate remained increasing while the number of daily Covid-19 cases continued to decline.
“These encouraging circumstances also had resulted in more travelling activities domestic and abroad during the month, hence influencing the labour market in November 2021,” he stated.
Employed individuals in November 2021 continued to rise for the fourth consecutive month with a rise of 0.4% month-on-month recording 15.61 million individuals (October 2021: 15.55 million individuals).
The employment-to-population ratio which signifies the flexibility of an financial system to create employment went up by 0.2 share factors to report 66% in November 2021 (October 2021: 65.8%).
In the meantime, the unemployed individuals lowered to the lowest quantity under 700 thousand individuals for the primary time since April 2020, with a lower of 1.5% month-on-month to 694.4 thousand individuals (October 2021: 705.0 thousand individuals).
“The unemployment rate in November 2021 was 4.3%, unchanged from the previous month as more in the inactivity group were searching for jobs which then reflected by a decrease of 0.3% in outside labour force to 7.34 million persons during the month (October 2021: 7.36 million persons),” Mohd Uzir stated.
Therefore, the labour power participation price in November 2021 elevated additional to 68.9% (October 2021: 68.8%) with the variety of labour power increased by 0.3% to submit 16.30 million individuals (October 2021: 16.26 million individuals).
Mohd Uzir stated Malaysia’s labour power state of affairs had been choosing up regularly since August 2021 as most financial and social actions have been working as common in accordance with strict normal working procedures.
“The continuous operation of those activities may also create more job opportunities, thus giving more chances for the jobseekers and subsequently will strengthen the labour market in the upcoming months.
“With the recent flood disasters that hit the central and east coast of the country, the impact is foreseen to be more localised and may not be substantial to the entire labour market,” he added.
