How many workforce are there in Malaysia?

How many factory workers are there in Malaysia?

In 2020, there were approximately 2.55 million people employed in the manufacturing industry in Malaysia.

Number of people employed in the manufacturing industry in Malaysia from 2015 to 2020 (in 1,000s)

Characteristic Number of employees in thousands

What is the legal age to work in Malaysia?

The minimum age for employment in Malaysia is 14 years and there is protective legislation for children who work between the ages of 14 and 16 years. However, exceptions do apply and children younger than 14 years may work in a family business or other jobs authorised by the government.

How many Malaysians are unemployed?

The unemployment rate in June 2021 climbed to 4.8 per cent (May 2021: 4.5%) after fourconsecutive months of decreases. The number of unemployed persons escalated by 40.6 thousand persons (+5.6%) to 768.7 thousand persons (May 2021: 728.1 thousand persons).

What is the employment rate in Malaysia?

“Hence, the number of employed persons in June 2021 declined by 0.5 per cent to record 15.3 million persons (compared to 15.37 million in May 2021) with employment-to-population ratio fell by 0.4 percentage points to 65 per cent,” he said in a statement.

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What is inflation rate in Malaysia?

In 2019, the average inflation rate in Malaysia amounted to about 0.66 percent compared to the previous year.

Malaysia: Inflation rate from 1986 to 2026 (compared to the previous year)

Characteristic Inflation rate compared to previous year
2020* -1.14%
2019 0.66%
2018 0.97%

What type of market is the labor market?

The labor market, also known as the job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand. It is a major component of any economy and is intricately linked to markets for capital, goods, and services.

What is the basic salary in Malaysia?

Malaysia’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. RM1000 per month or RM4. 81 per hour on the peninsula,and RM920 per month or RM4.

How much does a factory worker earn in Malaysia?

RM472 (MYR)/yr.

Which industry has the highest employee turnover rate in Malaysia?

In Malaysia, employee turnover rate is increasing trend from 13.2% in 2014 to 14.3% in 2015 with manufacturing business is the most affected industry by high turnover rate among employee (Mystarjob, 2015).