Daily HR News 8.12.2024
Malaysia’s labour market on track to full recovery in 2024, economists say
Malaysia's labour market is set to fully recover in 2024, with unemployment dropping to a pre-pandemic low of 3.3%. October's data shows unemployment at 3.4%, labour force participation at 70.1%, and 16.4 million employed. Key drivers include robust domestic demand, tourism recovery, infrastructure projects, and policy reforms like the progressive wage mechanism and Budget 2024 initiatives.
Source: https://theedgemalaysia.com/node/693282