Malaysia: A Step Forward?
As of July 2021, the unemployment rate in Malaysia has remained at 4.8%, although there is a slight increase in the rise of unemployed persons.
This is despite political havoc and the worsening pandemic situation at one point.
Eight states in Malaysia have already moved into phase 2 of the National Recovery Plan (NRP), which will see more regular economic and business activity, provided that they act according to standard protocols.
Still, 52% of the labour force are stuck in phase 1.
2021 unemployment rates are estimated to be 4.5% to as high as 5%, according to various sources. Recovery would likely be slow, as there is still much uncertainty ahead.
Meanwhile, the prime minister has recently announced that offices with fully vaccinated staff and employers are allowed to operate with full capacity again. Opening hours are also extended for supermarkets, smaller markets, restaurants, petrol stations and convenience stores, and recreation places such as spas and wellness centres are allowed to open once more.
Articles referenced:
https://www.thesundaily.my/business/malaysia-s-july-unemployment-rate-remains-at-48-ED8317024
