Unemployment Rate In Malaysia 2020 Covid

Malaysia s labour market shows signs of recovery.

Unemployment rate in malaysia 2020 covid. Labour market conditions in general are expected to be weak this year affected by the covid 19 pandemic. Concerns over covid 19 which were at 85 per cent in april 2020 went down 11 per cent to 74 per cent last month. The unemployment rate in malaysia fell to 4 9 percent in june 2020 from a record high of 5 3 percent a month earlier as the country gradually lifted strict coronavirus lockdown restrictions. As such up to 12 7mn people are expected to be in unemployment by next year a jump from 7 05mn recorded in 2019.

The bill proposed a 300 weekly unemployment subsidy 105 billion for schools 20 billion for farmers 10 billion for the us postal service and 10 billion for childcare assistance. But unemployment shot up to 14 7 in april 2020 highest since the great depression before dropping to 11 1 by june as restaurants retailers and other small businesses rehired workers. A a. Kuala lumpur may 14 the country is projected to record an unemployment rate of between 3 5 per cent and 5 5 per cent this year due to the impact from covid 19 the department of statistics malaysia dosm said.

Kuala lumpur april 3. Chief statistician datuk seri dr mohd uzir mahidin said the government s move to partially reopen the economy during the movement control order period and the prihatin rakyat economic stimulus package would however assist workers and households in facing the critical. Meanwhile the labor force went up to 15 76 million. Unemployment rate falls to 4 7 in july.

According to baseline predictions cited by the government it could be between 7 7 and 9 1. Global pollster ipsos revealed that last month 51 per cent of malaysians were concerned about the unemployment rate compared to 43 per cent in april 42 per cent in march and 39 per cent in may 2019. The number of unemployed dropped to 773 2 thousand. However the economic pain of the covid 19.

11 sep 2020 05 16pm. The jump from march 2020 s 10 3 rate to april s rate is the highest unemployment rate month to month increase since reporting started in 1948. April 03 2020 12 50 pm 08.