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Slackening demand swells unemployment in Malaysia
Add BT as a preferred sourcePublished Thu, Sep 29, 2016 · 09:50 PM
Kuala Lumpur
THE number of unemployed in Malaysia is trending up as businesses, particularly manufacturers, continue to rightsize amid weak global and domestic demand.
The unemployment rate rose to 3.5 per cent in the seven months to July - above the five-year average of 3.1 per cent - and comes at a time of moderating consumption and GDP growth, AllianceDBS Research said this week of the rising jobless.
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