Penang continuously records lower jobless rate
Published on: Wednesday, October 07, 2015
GEORGE TOWN: Penang has been constantly experiencing lower unemployment rate than the country as a whole, said Chief Minister Lim Guan Eng. He said despite the global economic crisis between 2007 and 2009, Penang's unemployment rate remained well below the natural rate of unemployment of four per cent."It fluctuates between 2.4 per cent and 1.7 per cent. We now record the lowest unemployment rate in Malaysia and Malaysian history at 1.2 per cent. This shows the labour market in Penang has been competitive and robust thus far," he said. He said this in his speech at the signing ceremony for the German Dual Vocational Training Programme between Penang Skills and Development Centre (PSDC) and the industry in Penang here, Tuesday.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
ADVERTISEMENT
"Although Penang's income inequality, as measured by Gini coefficient, is lower compared to that of Malaysia. I believe that all segments of Penang's labour force should be given the right support to improve and increase their wage levels further," he added. – Bernama
