Malaysia's unemployment rate declines to 3.2% in 2024, says DOSM
Malaysia's unemployment rate declines to 3.2% in 2024, says DOSM
Malaysia’s 2024 labor market shows a promising shift, with graduate unemployment dropping and employment rates rising. This positive trajectory reflects the government’s targeted initiatives to enhance workforce employability and align education outcomes with the nation’s economic ambitions. Crucially, skill mismatch has improved significantly, placing Malaysia ahead of regional peers in reducing underemployment. While challenges remain compared to advanced economies, the downward trend in skill-related underemployment indicates successful structural reforms and better job matching for degree and diploma holders. Salaries have also increased across all states, reinforcing the value of higher education. This data is vital for open data advocates, as it demonstrates how transparent, high-quality statistics can validate policy effectiveness. It highlights the importance of accessible datasets in driving informed decisions for economic development and educational planning.
Source: thestar.com.myPublished on 2025-11-02