by M. JAY SHEILA / pic TMR FILE
MALAYSIA’S labour demand continued to point out a optimistic pattern in 3Q23 with an extra 227,100 jobs to eight.9 million jobs (3Q22: 8.68 million), based on the Division of Statistics Malaysia (DoSM).
The variety of jobs within the financial sector rose by 2.6% to file 8.9 million jobs within the third quarter of 2023, it added, noting that the variety of crammed jobs additionally posted a rise of two.7% recording 8.71 million jobs in 3Q23.
In an announcement, Malaysian chief statistician Datuk Seri Mohd Uzir Mahidin mentioned after analysing the year-on-year development of crammed jobs throughout the financial sector, all sectors remained steady at a optimistic development with the agriculture sector registered the very best development at 4.9%, adopted by manufacturing (3.2%) and mining & quarrying (3%),” he commented additional on the crammed jobs state of affairs.
When it comes to composition by financial sector, he mentioned 4.58 million jobs, constituting 52.5% of the overall crammed jobs, had been concentrated within the providers sector, adopted by manufacturing (27.1%; 2.36 million) and building (14.2%; 1.24 million).
By abilities class, he mentioned crammed jobs on this quarter had been largely within the semi-skilled class with a share of 62.6% or equal to five.46 million jobs adopted by expert with 25% (2.17 million) and low-skilled by 12.4% (1.08 million).
He mentioned extra jobs had been created on this quarter recording a complete of 32,000 new jobs to fulfill the wants of the trade as Malaysia’s economic system has regained its momentum in direction of sustainability.
“The general efficiency of the labour demand in the course of the third quarter of 2023 remained steady and is anticipated to expertise average development within the upcoming months, contemplating challenges within the economic system.
“Nevertheless, with the implementation of the MADANI Financial Narrative by authorities ministries and businesses, hopefully, Malaysia’s economic system can maintain its optimistic momentum and be extra resilient thus experiencing optimistic financial outlooks within the years to return,” he mentioned.