Employment on uptrend

“The resumption of domestic spending and continuous upbeat momentum of external demand, as well as elevated commodity prices, were among key supportive factors for the recovery in the labour market,” said MIDF Research.

KUALA LUMPUR: While the unemployment rate is improving and may reach 3.8% in 2022, underlying structural labour market issues remain which should be addressed, according to AmBank Research.

The research unit noted that more people are moving into self-employment, and they make up 16.2% of the labour force.