Job market to show improvement this year

The steady decline in jobless Malaysians is likely to sustain in the near term, Kenanga Research said.

PETALING JAYA: The labour market is expected to improve further throughout this year even as the country’s unemployment rate returned to the pre-pandemic level of 3.3% last November.

The steady decline in jobless Malaysians is likely to sustain in the near term mainly benefiting from improving international markets, particularly China’s post-pandemic recovery and the influx of tourists, said Kenanga Research.