Malaysia’s Economic Growth Matches Strongly with Job Creation: KPKT

February 12, 201811:18 am2330 views

Malaysia’s economic performance is in tandem with job creation in the labour market, said Minister of Urban Wellbeing, Housing and Local Government (KPKT) Datuk Seri Rahman Dahlan.

According to Mr Rahman, about 2.26 million jobs have been created from 2010 until 2016. From this number, 679,300 can be categorised as high-skilled jobs. He noted that since 2010, job creation in Malaysia was broad-based, with the services sector showing the strongest activity by creating 1.78 million jobs during the period.

This data was in line with the services sector being the biggest contributor to the country’s economy, with its share of contribution to GDP at 54 percent, The Star reports.

According to Mr Rahman, owing to the strong job creation, the Government could maintain the full employment in the labour force and kept low unemployment rate in 3 to 3.5 percent.

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He attributed the achievement to the the Economic Transformation Program (ETP) proposed by Prime Minister Datuk Seri Najib Tun Razak, saying that the government has been working on the implementation of various programmes to address the issue of graduate and youth unemployment.

Regarding to this, the minister said, “The government under the strong leadership of the Prime Minister will continue to provide stable economic growth to sustain more job creation for the people because economic growth by itself is meaningless if it doesn’t bring benefit to the people.”

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