Malaysia can be said to have “zero unemployment” with only 2.7 percent
of the country’s labour force jobless in the third quarter of 2014, said
Malaysian Human Resources Minister Richard Riot Jaem.
According
to the International Labour Organisation, a country with unemployment
rate of below 4 percent is considered to have zero unemployment, he
said.
Malaysia ’s unemployment rate has declined over the
last five years from 3.7 percent in 2010 to 3.3 percent in 2011, 3.1
percent in 2012, 3 percent in 2013, and 2.7 percent in this year’s third
quarter.
The official attributed such a decrease to various
measures taken to help the jobless such as job carnivals and bazaars,
and open interviews.
Meanwhile, Deputy Minister of Women, Family
and Community Development Paduka Chew Mei Fun said women participation
in the labour market increased from 46.8 percent in 2010 to 50.4 percent
last year.
The figure is hoped to stand at 55 percent in 2015, she added.-VNA