What drove labour productivity per employment to reach RM23,322?

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Labour Productivity Per Employment Reached RM23,322 in Q2 2022

Malaysia's labour productivity, measured by value added per employment, saw a significant increase of 5.5 per cent in the second quarter of 2022, reaching a record RM23,322 per person. This rise occurred alongside a 3.2 per cent increase in total employment, which reached 15.7 million individuals. The overall economic expansion, reflected in a Gross Domestic Product (GDP) growth of 8.9 per cent for the quarter, provided a supportive environment for this productivity gain.
Sectoral Contributions to Productivity Growth

Specific sectors played a notable role in the overall increase in labour productivity per employment. The services sector led with a 7.5 per cent growth, followed by manufacturing at 4 per cent, and construction at 2.9 per cent. These positive performances within key economic areas contributed to the national average exceeding previous benchmarks.
Employment and Hours Worked Trends

Concurrently, total employment expanded by 3.2 per cent, with the manufacturing sector seeing a 4.9 per cent rise, services by 4.2 per cent, and mining and quarrying by 1.8 per cent. This expansion in the workforce was accompanied by an increase in total hours worked, which grew by 7.5 per cent to 8.9 billion hours across all sectors.
Productivity Per Hour Worked Performance

In terms of value added per hour worked, labour productivity improved by 1.3 per cent year-on-year. While the services sector recorded a 4 per cent growth in productivity per hour worked, all sectors collectively contributed to the rise in total hours logged by the workforce during the second quarter of 2022.

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What drove labour productivity per employment to reach RM23,322?

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