Labour force improves in March, unemployment rate at 4.7%

Unemployment rate in Malaysia improved further in March 2021 after it came in at 4.7% with 753,200 unemployed persons from 777,500 in February. 

Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin said unlike the first Movement Control Order (MCO) in March last year, March this year saw most states were in Recovery MCO while several others were in Conditional MCO which prompted an improvement in labour situation. 

“During the month, the number of employed persons continued to increase by 0.4% (up 58,700 persons) to 15.33 million persons (Feb 2021: 15.27 million persons). 

“Since April 2020, the number of employed persons was on a year-on-year declining trend but for the first time after eleven consecutive months, the number of employed persons registered a positive year-on-year growth of 0.6% (up 96,900 persons). 

Pic TMR

Meanwhile on the volume index of services in the country, it fell 3.6% and recorded 123.4 points in the first quarter of 2021 (1Q21) as compared to 127.9 points in the same quarter last year. 

The decline of the services sector was due to other services segment that recorded -25.2% and wholesale, and retail trade, food and beverages and accommodations segment which recorded -3.8%. 

“For quarter-on-quarter comparison, Volume Index of Services also recorded a decrease of 0.3 per cent to 123.4 points as compared to the same quarter of previous year,” he said in a separate statement today. 

By : ASILA JALIL – TMR

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