Sivakumar: Malaysia’s unemployment rate down due to strategic cooperation

PUTRAJAYA, May 20 — Strategic cooperation with various government ministries and agencies has reduced the country’s unemployment rate from 599,600 in the fourth quarter of 2022 to 588,700 people in the first quarter of this year, said Human Resources Minister V. Sivakumar.

He said some of the initiatives implemented by the Ministry of Human Resources through the Social Security Organisation , Talentcorp, Human Resource Development Corp and Department of Skills Development included providing the job portal MyFutureJobs, which is a virtual platform to match jobs based on qualifications, skills, wages and employers’ needs to help job seekers get employment opportunities.

In addition, Sivakumar said the government has also signed a Memorandum of Understanding with government-linked companies and private companies covering training to overcome the problems of mismatch and unemployment among Technical and Vocational Education and Training students.

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