Labor market remains stable, KESUMA actively helps workers return to work

Malaysia's job market shows resilience despite a notable number of layoffs, with 42,807 individuals losing their employment nationwide as of June 12. The manufacturing sector bears the brunt of these job losses, accounting for 8,702 cases or 20.7 percent of the total, attributed to rising operational costs and global economic uncertainties.

Following manufacturing, the wholesale and retail trade sector saw 7,560 job losses, while administrative and support service activities impacted 4,239 workers. These figures highlight the sectors most vulnerable to current economic pressures.

To mitigate the impact, the Social Security Organization (Perkeso) has been actively supporting affected workers. The organization has approved 134,123 claims under the Employment Insurance System (SIP), disbursing a total of RM248.23 million. These benefits include job search allowances, reduced income allowances, early re-employment allowances, and funding for training programs, demonstrating a concerted effort to help workers transition back into employment.