Job Losses in Malaysia Increase by 47%

Job losses in Malaysia were highest in January with 10,700 cases, then decreased to 7,500 in February and 5,900 in March.

The total job losses were higher than the same period last year.

The manufacturing sector had the most job losses due to its reliance on global trade. Job cuts also happened in wholesale, retail, and logistics.

The bank said global economic uncertainties caused the job losses.

Big cities like Kuala Lumpur and Selangor are affected by company changes. Other states like Penang and Johor also face risks due to export-oriented industries.

Malaysia's city skyline includes the Petronas Twin Towers. The country is feeling the effects of job losses.

Despite more job losses, Malaysia's labor market is stable with an unemployment rate of 2.9% for four months. Some workers found new jobs in other sectors.

There are many job openings, with 107,000 vacancies in March, mostly in services and construction.

Analysts warn that export-oriented industries are still at risk due to external factors.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Pagsasanay sa pakikinig