PUTRAJAYA, May 24 — The labour force grew by 1.9 per cent to a record 16.96 million people in the first quarter (1Q) of 2024, according to the Labour Market Review 1Q 2024 released by the Statistics Department today.
Chief statistician Datuk Seri Mohd Uzir Mahidin in a statement said labour participation rate went up 0.4 per cent year-on-year to 70.2 per cent, in line with the economic growth of 4.2 per cent.
He said the number of unemployed people decreased by 4.4 per cent to 561,100, registering the lowest national unemployment rate at 3.3 per cent.
From the perspective of labour demand, Uzir said jobs in the private sector increased by 1.5 per cent year-on-year to 8.94 million jobs in 1Q 2024.
“Filled jobs comprised 97.9 per cent of total jobs, growing 1.5 per cent to 8.75 million,” he said.
He said job openings made up another 2.1 per cent of jobs, slightly lower by 0.4 per cent to 191,900 vacancies, largely in the manufacturing sector, which accounted for 108,800 or 56.7 per cent of job vacancies.
During the quarter, Malaysia’s labour demand continued to improve by 1.3 per cent in the number of jobs created, encompassing 32,100 jobs.
— Bernama
