Economists bullish on Malaysian labour market

Alliance Research chief economist Manokaran Mottain said the 2016 fiscal deficit target of 3.1% could be hard to achieve if the oil price remains low.

PETALING JAYA: Economists are still bullish on the country’s labour market amid latest statistics indicating weak and cautious online hiring.

Most economists are projecting an unemployment rate of between 3.3% and 3.4% for this year although one forecasts a slightly higher figure of up to 3.6%.