Malaysia aims to grow jobs and reduce unemployment in 2022

The government has allocated RM4.8 billion (US$1.1 billion) to generate 600,000 job opportunities under Budget 2022.
By: | December 7, 2021
Topics: Malaysia | News | Recruitment

Finance minister Datuk Seri Tengku Zafrul Abdul Aziz said the government aims to reduce the unemployment rate to be below 4% for 2022.

“I think the target of creating 600,000 jobs is realistic because as of November 30, 2021, the government has managed to create almost 497,000 jobs, which is 99.3 per cent of the target of 500,000 this year.

“Next year, we will have the Malaysian Family Work Guarantee programme, and among the initiatives under this programme is the Malaysia Short-Term Employment Programme (MySTEP), which offers about 80,000 jobs in the public sector and government-linked companies,” he said.

In addition, the government is upskilling the workforce to create 220,000 job opportunities, and providing employment incentive initiatives in collaboration with the Social Security Organisation (Socso) to benefit 300,000 job seekers.

The government has also channeled a total of RM8.8 billion (US$2.1 billion) to 11 million Malaysians through Bantuan Prihatin Rakyat (BPR), COVID-19 Special Assistance and Income Loss Assistance (BKP) as of November 2021.

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In addition, 1.9 million workers had also benefited from the Wage Subsidy Programme, while a million MSMEs were also assisted through the Prihatin Special Grant, he said, according to Bernama.