742,700 unemployed in April

by NUR HANANI AZMAN / pic by BLOOMBERG

THE unemployment rate for April 2021 dropped to 4.6%, the lowest rate since October 2020 recording 742,700 unemployed persons.

In October, The Malaysian Reserve (TMR) reported that there were 748,200 unemployed persons in the country.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the Malaysia’s labour force continued to be on a recovery path in April 2021 as Recovery Movement Control Order (MCO) in most states and Conditional MCO gave more opportunities for businesses to continue their activities in full capacity while adhering to strict standard operating procedures.

“Better business outlook was also reflected by the performance of Leading Index (LI) for March 2021 which posted an increase of 1.8% month-on-month (MoM) compared to February 2021 at 1.1%.

“Hence, the number of labour force in April 2021 recorded MoM increase of 0.1% or an addition of 12,200 persons to record 16.09 million persons (March 2021: 16.08 million persons),” he said in latest Department of Statistics Malaysia (DOSM)’s report today on Statistics of Labour Force.