The unemployment rate in Malaysia has continued continue to grow, says MTUC.
“The government must stop going overboard in attempting to paint a rosy picture of the economy and the unemployment problem, more so after Bank Negara Malaysia reported that the country’s GDP contracted 17.1% in the second quarter ,” he said in a strongly- worded statement today. According to MTUC, official estimates showed 4.9% or 773,200 people being out of work in June, while the statistics department reported that private sector jobs decreased by 200,000, shrinking from 8.6 million to 8.4 million in the second quarter of 2020.
He also highlighted Malaysia’s Q2 showing, which he said forced BNM to reverse the 2020 economic growth to between -3.5% and -5.5%. Solomon also warned of the scenario in which the unemployment rate will be further compounded with fresh graduates joining the job market.
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