Unemployment to drop to 4.5% by end of the year

With assistance such as the Penjana HRDF, the ministry is able to produce creative, productive and competitive human capital, says Saravanan. — Filepic

THE unemployment rate is expected to drop to 4.5% by December following the implementation of the Human Resources Development Fund (HRDF) under the National Economic Recovery Plan (Penjana).

Human Resources Minister Datuk Seri M. Saravanan said the unemployment rate in the country was 5.3% in May, and dropped to 4.7% in September although the country was currently facing economic crisis and the Covid-19 pandemic.