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apple developer(buyappleacc.com):Labour market improvement in Q2

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KUALA LUMPUR: Malaysia’s labour market recorded a year-on-year improvement in the second quarter, spurred by increased economic and social activities primarily during the early part of the period.

Nevertheless, the improvement was still below pre-pandemic levels, as the country’s labour market was marred by movement restrictions due to the Covid-19 pandemic, said the Statistics Department.

In its labour market review for the second quarter of 2021 released yesterday, chief statistician Datuk Seri Mohd Uzir Mahidin (pic below) said the full movement control order was implemented on June 1, following a steep rise in daily Covid-19 cases and corresponding death rates.Statistician Mohd Uzir Mahidin

“At this point, the permission to operate was only granted to essential activities encompassing selected manufacturing sub-sectors, food and beverage, securities, health and medical services, banking and communications.”

“However, this situation was different from the same quarter of the previous year, as up to 60% of workers of essential private sectors were allowed on site.”

Indicative of more people participating in the labour force compared with the same quarter of the preceding year, Mohd Uzir said the labour force participation rate went up by 0.2 percentage points to 68.3% in the second quarter of 2021.

“The number of employed persons rose 2.2% to record 15.21 million persons, compared with 14.88 million persons in the second quarter of 2020.

“Meanwhile, unemployment levels eased by 3.4% to 764,900 persons, resulting in the decrease in the unemployment rate by 0.3 percentage points to 4.8%.”

Nevertheless, Mohd Uzir said unemployment levels remained high, compared with the average of 500,000 persons recorded during the pre-Covid-19 period.

“Thus, the labour force in the second quarter of 2021 grew 1.9%, registering 15.97 million persons while external labour rose 1% to 7.42 million persons.”Carmelo Ferlito.

During the quarter under review, Mohd Uzir said the number of employed persons working less than 30 hours per week reduced to 474,100 persons, compared with 789,600 persons in the second quarter of 2020.

“Subsequently, the number in time-related underemployment or those who were able and willing to work additional hours reduced to 329,700 persons from 413,500 persons in the second quarter of 2020, with a rate of 2.2% against 2.8% in the second quarter of 2020.”

Meanwhile, tertiary-educated employed persons in skill-related underemployment rose to 1.85 million persons in the second quarter of 2021, compared with 1.67 million persons in the previous corresponding period.

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