Kenanga Research projectes the unemployment rate to remain stable for the rest of this year,
PETALING JAYA: Malaysia’s labour market is poised for steady growth in 2025, with the unemployment rate projected to improve amid resilient domestic demand, rising tourism and record government spending.
Key sectors, including manufacturing and services, are set to drive job creation, though skill mismatches and global uncertainties remain pressing challenges, according to research houses.TA Research and Kenanga Research forecast the unemployment rate to average at 3.2% in 2025, an improvement from the projected 2024 average of 3.3%.
