Labour market to recover gradually from this month


Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the conditional MCO that began on May 5 is likely to affect the labour market further as businesses were still not fully in operation.

PETALING JAYA: The worst seems to be over for the Malaysian labour market, although retrenchments could likely remain high while new hirings struggle to pick up pace.

After the 47-day movement control order (MCO) rattled the local labour market in March and April, experts believe the weak conditions will likely continue in May despite the gradual re-opening of the economy.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MCO , labour , unemployment , operating costs

Next In Business News

China makes new push to take yuan global, vows vigilance against financial risks
Oil slides on Iran supply prospects as traders wait on Warsh
ESG-ready Malaysian businesses better positioned to penetrate EU market, says GRI
Airbus confirms cancellation of AirAsia X order for 15 A330-900 aircraft
Dollar on the defensive ahead of first Fed decision under Warsh
Singapore's May exports rise bigger-than-expected 38.4% y-o-y, boosted by AI demand
Japan's exports beat forecast in May on strong chip demand
AI-ready DC marks MRCB diversification move
Greentec in metal recovery business tie-up
Vantris turnaround on track on balance sheet strength

Others Also Read