MIDF forecasts 4.3pc average unemployment rate this year
Published on: Friday, April 09, 2021
By: Bernama
.jpg "MIDF forecasts 4.3pc average unemployment rate this year")
Kuala Lumpur: MIDF Amanah Investment Bank Bhd expects labour market conditions to continue improving in the coming months, forecasting an average unemployment rate of 4.3 per cent this year versus 4.5 per cent last year.In a research note Thursday, the investment bank said this would be supported by a better business environment as restrictions from the movement control order (MCO) have been gradually relaxed and more businesses being allowed to resume operations.
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However, it said improvement in the job market would be gradual as the pandemic is yet to be fully under control with the number of new Covid-19 cases remaining at four digits.
Meanwhile, it said sentiment is likely to improve as the government had pledged not to impose nationwide MCO and adopt a more targeted intervention measure going forward.Stay up-to-date by following Daily Express’s Telegram channel.
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