UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the latest results from the Malaysian labour market. Key Quotes “Malaysia’s unemployment rate edged up to a 5-month high of 4.8% in the second month of the enforcement of Conditional Movement Control Order (CMCO), from 4.7% in Oct. The number of unemployed persons rose 2.2% to 764.4k (Oct: +1.5% to 748.2k), while the labour force participation rate inched down to 68.4% (from 68.5% in Oct).” “Total employment reversed course and dropped by 0.1% to 15.20m in Nov (Oct: +0.1% to 15.21m) on account of sluggish hiring in the agriculture, mining & quarrying, and tourism-related sectors.” “The near-term labour market outlook is expected to remain dim as the third wave of COVID-19 pandemic prolongs into Jan 2021… Given the further uptick in unemployment rate, we revise upwards our projections of unemployment rate to 4.9% for 2020 (vs. 4.5% previously) and 4.0% for 2021 (vs. 3.7% previously).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next French FinMin Le Maire: Q1 2021 to remain difficult for the economy FX Street 2 years UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the latest results from the Malaysian labour market. Key Quotes “Malaysia’s unemployment rate edged up to a 5-month high of 4.8% in the second month of the enforcement of Conditional Movement Control Order (CMCO), from 4.7% in Oct. The number of unemployed persons rose 2.2% to 764.4k (Oct: +1.5% to 748.2k), while the labour force participation rate inched down to 68.4% (from 68.5% in Oct).” “Total employment reversed course and dropped by 0.1% to 15.20m in Nov (Oct: +0.1% to 15.21m) on account of sluggish hiring in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
