Stable job market phase

TA Research forecast a potential decline in the unemployment rate to 3.2% by year-end from the average of 3.3% year-to-date to July 2024.

PETALING JAYA: Unemployment rate is projected to remain stable for the remaining part of 2024, supported by steady economic growth and ongoing recovery efforts across key sectors, according to TA Research.

Despite global uncertainties, Malaysia’s resilient job market, driven by robust domestic demand and government initiatives, is expected to maintain unemployment levels within manageable bounds for the year.