Labour market’s structural issues remain

An economist said Malaysia remains stuck in a low-wage and low-skill economy because of the work offered domestically, and not because of the talent available. — Bloomberg

PETALING JAYA: The worst may be over for the Malaysian labour market, but experts say structural issues are still abundant.

In fact, while more Malaysians are being hired, the national unemployment rate for 2022 was recorded at 3.6%, considerably above the 2019 pre-pandemic level of 3.3%.