How many Malaysians lost jobs from Jan to May?

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Nearly 39,000 Malaysians Lost Jobs Between January and May

In the first five months of this year, a significant number of Malaysians, totaling 38,953, experienced job losses. This figure was recorded under the Employment Insurance System (EIS) and highlights a notable trend in the nation's labour market during the period from January to May. The majority of individuals affected by these job losses were within the age bracket of 25 to 39 years old.
Job Losses by Gender and Age Demographics

Analysis of the data reveals that men constituted a larger portion of those who lost their jobs, with 23,536 cases reported. Women accounted for 15,417 cases, indicating a substantial impact across both genders. The age group between 25 and 39 years old was identified as the most affected demographic, suggesting a potential disruption for the core working-age population.
Key Sectors Experiencing Layoffs

The primary sectors that recorded these job losses were manufacturing, followed by wholesale and retail trade, motor vehicle repair, and administrative support services. These industries collectively represent a significant segment of the Malaysian economy where operational changes have led to workforce reductions.
Underlying Causes of Job Losses

The reasons cited for these job losses are primarily attributed to business restructuring and operational adjustments undertaken by companies. These strategic shifts within various enterprises are the main drivers behind the recorded layoffs, reflecting a dynamic economic environment. Despite these figures, Malaysia's labour market showed resilience, with the unemployment rate at 3.0 per cent in April and a labour force of 17.33 million.

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How many Malaysians lost jobs from Jan to May?

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